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CC15 COOKIE CREATIONS
(a)
(A)
(B)
(C)
(D)
Interest
Period
Cash
Payment
Interest
Expense
Reduction of
Principal
Principal
Balance
(B) + (C)
(D) X 5% X 6/12
($2,000 every 6 mo.)
(D) – (C)
Nov. 2017
$12,000
May 2018
$ 2,300
$ 300
$ 2,000
$10,000
CC15 (Continued)
(b) Nov. 1 Equipment ........................................ 17,000
Cash ............................................. 5,000
Notes Payable .............................. 12,000
(c)
2018
(d)
Current portion* $ 4,000
