Question: All the yellow boxes have to be filled!! please help!!! B C D E F Practice Set #2 LT Debt (Troubled Debt Restructering) 12/31/20 Date



B C D E F Practice Set #2 LT Debt (Troubled Debt Restructering) 12/31/20 Date of restructuring Original terms of debt Rate of interest Face Value Maturity date Interest paid annually 12% $ 3,100,000.00 12/31/20 372,000 9% 1 2 _3 14 15 16 17 18 Restructered terms of debt Rate of interest Face Value $ 2,750,000.00 Maturity date 1/1/26 Interest paid annually on 12/31 of each year starting 12/31/21 Annual Interest Payments $ 247,500.00 19 Creditor Journal entries on the following dates: 20 12/31/20 21 22 23 24 25 26 27 90 12/31/21 Sheet + Ready Interest paid annually on 12/31 of each year starting 12/31/21 Annual Interest Payments $ 247,500.00 Creditor Journal entries on the following dates: 12/31/20 12/31/21 12/31/26 Sheet1 fx H J K L M Present Value of new cash flows: Annual Interest Payments Principal Repayment Total PV $ Carrying Value of Debt Gain/(Loss) $ N Q R Eff. Int. Increase O/S Bal New Amortization Table Date Cash 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25
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