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Student Name:
Class:
Date Account Debit Credit
600,000
600,000 <--Correct!
544,795
55,205
600,000 <--Correct!
664,065
600,000
64,065 <--Correct!
(Bonds issued at a discount)
Discount on Bonds Payable
(Issued bonds at a premium)
Requirement 2:
(Issued bonds at face amount)
Problem 09-04
McGraw-Hill/Irwin
Instructor
Bonds Payable
TWISTER ENTERPRISES
January 1, 2021
Cash
Requirement 1:
January 1, 2021
Cash
Bonds Payable
Premium on Bonds Payable
January 1, 2021
Cash
Requirement 3:
Bonds Payable
600,000$
TWISTER ENTERPRISES
Given Data P09-04:
Issued bonds on January 1, 2021
Student Name:
Class:
Increase in
Cash Interest Carrying Carrying
Date Paid Expense Value Value
1/1/21 841,464$ «-Correct!
Date Account Debit Credit
841,464
37,866
1,866 «- Correct!
Requirement 2:
January 1, 2021
June 30, 2021
Requirement 3:
Instructor
UNIVERSE OF FUN
Requirement 1: Amortization schedule
Interest Expense
Cash
Problem 09-06
McGraw-Hill/Irwin
Discount on Bonds Payable
900,000$
841,464$
UNIVERSE OF FUN
Given Data P09-06:
Issued bonds on January 1, 2021, face value
Bonds issued for
Student Name:
Class:
880$ 170$ 5.2 «- Correct!
Net Income+
Interest+
Taxes
Times
Interest
Earned Ratio
Requirement 3: (in $millions)
=
Requirement 1: (in $millions)
Bahama Bay
Total
Liabilities
Problem 09-08
McGraw-Hill/Irwin
Instructor
÷
Interest
÷
Average Total
Assets
BAHAMA BAY and CARIBBEAN KEY
Debt to
Equity Ratio
Net Income
Return on
Assets Ratio
=
÷
Stockholders'
Equity
=
Requirement 2: (in $millions)
2021 2020 2021 2020
8,861$ 9,560$ 7,640$ 7,507$
5,724 6,606 2,819 2,689
Total assets
Total liabilities
Bahama Bay
Caribbean Key
Given Data P09-08:
(In $millions)
BAHAMA BAY and CARIBBEAN KEY
