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PROBLEM 10-5A

PROBLEM 10-5A
ACC 291

PROBLEM 10-5A

PROBLEM 10-5A
Jan 1, 2012

Cash (6,000,000 X 98%)5,880,000


Discount on Bonds Payable.. 120,000
Bonds Payable..

6,000,000
Long-term Liabilities
Bonds Payable..6,000,000
Less Discounts Bonds Payable .. 112,000
5,888,000
Dec 31, 2012

Bonds Payable6,000,000
Loss on Bonds (6,120,000 5,896,000)
224,000
Cash (6,000,000 X 102%)..
Discount on Bonds Payable.
6,000,000 5,896,000

6,120,000
104,000

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