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1. 20Y1
July 1
Dec. 31
20Y2
June 30
Dec. 31
20Y3
June 30
2.
a. 20Y1 interest expense:
b. 20Y2 interest expense:
3.
Initial carrying amount of bonds
Discount amortized on December 31, 20Y1
Discount amortized on June 30, 20Y2
Discount amortized on December 31, 20Y2
Carrying amount of bonds, December 31, 20Y2
Problem 11-3A
Name:
Section:
Score:
0%
Key Code:
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
1. 20Y1
July 1 63,532,267
10,467,733
74,000,000
Dec. 31
Interest Expense
4,331,693
4,070,000
261,693
20Y2
June 30
Interest Expense
4,331,693
Cash 4,070,000
Discount on Bonds Payable
261,693
Dec. 31 4,331,693
4,070,000
261,693
20Y3
June 30 74,000,000
7,940,961
72,520,000
9,420,961
Discount on Bonds Payable
Problem 11-3A
Name:
Solution
Section:
Score:
ON
Key Code:
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Cash
Bonds Payable
Loss on Redemption of Bonds
Cash
Discount on Bonds Payable
Bonds Payable
Cash
Discount on Bonds Payable
Interest Expense
Cash
Discount on Bonds Payable
[Key code here]
An asterisk (*) will appear to the right of an incorrect entry.
1. 20Y1
July 1
Dec. 31
20Y2
June 30
Dec. 31
20Y3
June 30
2.
a. 20Y1 interest expense:
b. 20Y2 interest expense:
3.
Initial carrying amount of bonds
Premium amortized on December 31, 20Y1
Premium amortized on June 30, 20Y2
Premium amortized on December 31, 20Y2
Carrying amount of bonds, December 31, 20Y2
Problem 11-3B
Name:
Section:
Score:
0%
Key Code:
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
An asterisk (*) will appear to the right of an incorrect entry.
1. 20Y1
July 1 62,817,040
55,000,000
7,817,040
Dec. 31 2,084,148
390,852
2,475,000
20Y2
June 30 2,084,148
390,852
2,475,000
Dec. 31 2,084,148
390,852
2,475,000
20Y3
June 30 55,000,000
6,253,632
56,650,000
4,603,632
Score:
ON
Problem 11-3B
Name:
Solution
Section:
Premium on Bonds Payable
Key Code:
Instructions
Answers are entered in the cells with gray backgrounds.
Cells with non-gray backgrounds are protected and cannot be edited.
Cash
Bonds Payable
Premium on Bonds Payable
Interest Expense
Premium on Bonds Payable
Cash
Interest Expense
Cash
Gain on Redemption of Bonds
Cash
Interest Expense
Premium on Bonds Payable
Cash
Bonds Payable
Premium on Bonds Payable
