Orbit Corp.
bondsp
l7a1.xlsExercises
| E 12-16 (10-15 min.) | ||||||||||||
| 26021 | 0.05 | 400000 | ||||||||||
| A | B | C | D | |||||||||
| Semiannual Interest Period | Cash Payment | Interest Expense | Decrease in Principal | Principal Balance | ||||||||
| (D) x 10% x 6/12 | (A) - (B) | (D) - (C) | ||||||||||
| January 1, 2007 | ||||||||||||
| June 30, 2007 | ||||||||||||
| December 31, 2007 | ||||||||||||
| June 30, 2008 | ||||||||||||
| December 31, 2008 | ||||||||||||
| June 30, 2009 | ||||||||||||
| b. | Journal | |||||||||||
| Date | Accounts and Explanations | Post Ref. | Debit | Credit | ||||||||
| 2007 | ||||||||||||
| Jan 1 | ||||||||||||
| Jun 30 |
