AFM 391
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AFM 391 1
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Question 1 PV of bonds (i.e. selling price) N 20 %i 5 PMT 20000 (500,000x 4%) FV CPT PV => $ 437,689 a) Dr. Cash 437,689 Cr. Bonds payable..................................................................... 437,689 b) Date Cash Interest Expense Discount Amortization Carrying Value of Bonds Jun 1/20 437,689 Nov 30/20 20,000 21,884 1,884 439,573 May 31/21 20,000 21,979 1,979 441,552 Nov 30/21 20,000 22,078 2,078 443,630 May 31/22 20,000 22,181 2,181 445,811 Nov 3...
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AFM 391•AFM 391
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Question 1 PV of bonds (i.e. selling price) N 20 %i 5 PMT 20000 (500,000x 4%) FV CPT PV => $ 437,689 a) Dr. Cash 437,689 Cr. Bonds payable..................................................................... 437,689 b) Date Cash Interest Expense Discount Amortization Carrying Value of Bonds Jun 1/20 437,689 Nov 30/20 20,000 21,884 1,884 439,573 May 31/21 20,000 21,979 1,979 441,552 Nov 30/21 20,000 22,078 2,078 443,630 May 31/22 20,000 22,181 2,181 445,811 Nov 3...