中级会计债券和长期票据-分期付款

1、installment notes payable,long-term notes that call for a series of installment payments.,each payment covers interest for the period and a portion of the principal.,with each payment, the interest portion gets smaller and the principal portion gets larger.,allocating installment payments between in

2、terest and principal,identify the unpaid principal balance. unpaid principal ?interest rate = interest expense. installment payment - interest expense = reduction in unpaid principal balance. compute new unpaid principal balance.,allocating installment payments between interest and principal,on janu

3、ary 1, 1999, rocket corp. borrowed $7,851.57 from first bank of river city. the loan was a five-year loan and had an interest rate of 10%. the annual payment is $2,000. prepare an amortization table for rocket corp.s loan.,allocating installment payments between interest and principal,now, prepare t

4、he entry for the first payment on january 1, 2000.,allocating installment payments between interest and principal,the information needed for the journal entry can be found on the amortization table. the payment amount, the interest expense, and the amount to credit to principal are all on the table.

5、,installment notes-eg,on january 2, 2011, matrix inc. leased an equipment (fair value is 2,500,000, useful life is 5 years) for 3 years. 900,000 lease expenses to be paid on december 31, each year. the market rate of interest is 8%. prepare the required journal entries for matrix inc. 2,319,390 / 2,

6、500,000 = called: financing lease 融资租赁,equipment_ financing lease 2,319,390 discount on payable 380,610 long-term payable (长期应付款) 2,700,000,at the lease date (january 1),installment notes,installment notes,installment notes,on dec 31, 2011,interest expense 185,551.20 discount on payable 185,551.20 l

7、ong-term payable 900,000 cash 900,000,installment notes,on dec 31, 2012,interest expense 128,395.3 discount on payable 128,395.3 long-term payable 900,000 cash 900,000,installment notes,on dec 31, 2013,interest expense 66,663.5 discount on payable 66,663.5 long-term payable 900,000 cash 900,000,课堂练习

8、,课后习题p413，e9-18,january 1, 2011 machinery 4,000,000notes payable4,000,000 2.amortization schedule $4,000,000 3.16987 = $1,261,881 amount (from table 4) installmentof loan n=4, i=10% payment,dec.31 cash effective decrease in outstanding payment interest debt balance （ 10% x outstanding balance） 4,000

9、,000 1,261,881 10*(4,000,000) =400,000 861,881 3,138,119 2012 1,261,881 10*(3,138,119) =313,812 948,069 2,190,050 2013 1,261,881 10*(2,190,050) =219,005 1,042,876 1,147,174 2014 1,261,881 10*(1,147,174) =114,707* 1,147,174 0,3.december 31, 2011 interest expense (10% x outstanding balance)400,000note payable (difference) 861,881 cash (payment determined above) 1,261,881 4.december 31, 2013 intere