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Student Name:
Class:
Date Account Debit Credit
600,000
600,000 <--Correct!
24,000
24,000 <--Correct!
24,000
24,000 <--Correct!
(Pay semiannual interest)
December 31, 2018
Interest Expense
Cash
Problem 09-04
McGraw-Hill/Irwin
Instructor
Bonds Payable
TWISTER ENTERPRISES
January 1, 2018
Cash
Requirement 1:
June 30, 2018
Interest Expense
(Issued bonds at face amount)
Cash
Requirement 2:
(Pay semiannual interest)
600,000$
20
TWISTER ENTERPRISES
Given Data P09-04:
Issued bonds on January 1, 2018
Maturity in years
Student Name:
Class:
Increase in
Cash Interest Carrying Carrying
Date Paid Expense Value Value
1/1/18 841,464$ «-Correct!
Date Account Debit Credit
841,464
Instructor
UNIVERSE OF FUN
Requirement 1: Amortization schedule
Cash
Problem 09-06
McGraw-Hill/Irwin
Requirement 2:
January 1, 2018
900,000$
841,464$
UNIVERSE OF FUN
Given Data P09-06:
Issued bonds on January 1, 2018, face value
Bonds issued for
Student Name:
Class:
Problem 09-07
McGraw-Hill/Irwin
Instructor
÷
Interest
÷
Average Total
Assets
BAHAMA BAY and CARIBBEAN KEY
Net Income
÷
=
Return on
Equity Ratio
Average
Stockholders'
Equity
Debt to
Equity Ratio
Net Income
Return on
Assets Ratio
=
÷
Stockholders'
Equity
=
Requirement 2: (in $millions)
Total
Liabilities
Requirement 1: (in $millions)
Net Income+
Interest+
Taxes
Times
Interest
Earned Ratio
Requirement 3: (in $millions)
=
2018 2017 2018 2017
Bahama Bay
Caribbean Key
Given Data P09-07:
(In $millions)
BAHAMA BAY and CARIBBEAN KEY
