D 1 Given Data P14-02A: 2 3 HILLSIDE 4 5 Bonds issued, face value 6 Annual interest 7 Maturity in years 8 Issuance price 9 10 Check figures: 11 (3) 12 (4) 12/31/2014 carrying value 13 14 15 $ 4,000,000 6% 15 $ 3,456,448 $ 4,143,552 $ 3,528,920 D1 G Debit Credit B 4 5 HILLSIDE 6 General Journal 7 Part 1 8 9 Date Account Titles 10 2013 11. Jan 1 Cash 12 Discount on Bonds Payable 13 Bands Payable 14 Sold bonds on stated issue date 15 16 17 Part 2 18 19 Cash payment 20 Straight-line discount amortization 21 Bond interest expense 22 23 24 Part 3 25 26 Thirty payments of $120,000 27 Par value at matunity 28 Total repaid 29 Less amount borrowed 30 Total bond interest expense 31 32 Or 33 34 Thirty payments of S120,000 35 Plus discount 36 Total bond interest expense 37 38 39 Part 4 40 HILL SIDE 41 42 43 Unamortized 444 Semiannual Period End Discount 45 46 1/1/2013 47 6/30/2013 48 12/31/2013 49 6/30/2014 50 12/31/2014 51 52 P14 OZA Given 14 OZA 14-04 Carrying Value Given 14-014-07A Given 14 OTA F B 34 Thirty payments of $120,000 35 Plus discount 36 Total bond interest expense 37 38 39 Part 4 40 HILLSIDE 41 42 43 Unamortized Carrying 44 Semiannual Period-End Discount Value 45 46 1/1/2013 47 6/30/2013 48 12/31/2013 49 6/30/2014 50 12/31/2014 51 52 53 HILLSIDE 54 General Journal 55 Part 5 56 57 Date Account Titles Debit 58 2013 59 Jun 30 Bond Interest Expense 60 Discount on Bonds Payable 61 Cash 62 To record six months interest and discount amortization 63 64 2013 65 Dec 31 Bond Interest Expense 66 Discount on Bonds Payable 67 Cash 68 To record six months'interest and discount amortization 69 70 71 72 73 74 75 76 77 78 79 90 81 112 alven me on Credit