Long-Term Liabilities and Stockholders’ Equity

profilesshrry
act_360_-_assignment_1_excel_template.xlsx

Journal Entries

Prepare the journal entries to record the following.
Date Account Title Amount Amount
Account Title
Provide a one line explanation for the reason why the journal entry has been made.
Date Account Title Amount Amount
Account Title
Provide a one line explanation for the reason why the journal entry has been made.

Amortization

Date Cash Paid Interest expense Premium Amortization Carrying Amount of Bonds
4/1/14
4/1/15
4/1/16
4/1/17
4/1/18
4/1/19
4/1/20
4/1/21
4/1/22
4/1/23