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1. 2014
July 1
Oct. 1
Dec. 31
2015
June 30
Sept. 30
Dec. 31
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2016
June 30
Sept. 30
2.
a. 2014 interest expense:
b. 2015 interest expense:
3.
Initial carrying amount of bonds
Discount amortized on December 31, 2014
Discount amortized on December 31, 2015
Carrying amount of bonds, December 31, 2015
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1. 2014
July 1 77,906,048
10,093,952
88,000,000
Oct. 1 240,000
240,000
Discount on Bonds Payable
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Interest Payable
Interest Expense
Notes Payable
Interest Expense
Interest Expense
Interest Payable
Interest Expense
Discount on Bonds Payable
Income Summary
Interest Expense
Interest Expense
Interest Expense
Interest Payable
Interest Expense
Interest Expense
Discount on Bonds Payable