Soal-soal Long-Term Liabilities Soal TM 2 Pertemuan 18 Soal-soal Long-Term Liabilities

Petunjuk Pengerjaan Tugas Mandiri Soal Tugas Mandiri (TM) dikerjakan secara berkelompok, di tulis tangan pada kertas double folio dengan rapi.Kelompok terdiri atas maksimal 3 orang anggota. Dikumpulkan pada awal kuliah minggu/pertemuan berikutnya. Jawaban Soal TM yang sama, oleh mahasiswa secara perorangan (individual) harus di “up load” pada forum diskusi di binusmaya (LMS), pada kolom tugas. Up load haryus sudah dilakukan paling lambat 7 hari setelah pertemuan yang dimaksudkan. Bila anda mengerjakan salah satunya saja atau tidak keduanya maka anda dianggap tidak mengumpulkan TM pada pertemuan yang dimaksudkan.

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SOAL TUGAS MANDIRI 18 P16-6B On July 1, 2005, Wilkowski Company issued $2,000,000 face value, 8%, 10-year bonds at $1,750,757. This price resulted in an effective-interest rate of 10% on the bonds. Wilkowski uses the effective-interest method to amortize bond premium or discount. The bonds pay semiannual interest July and January 1. Instructions (a) Prepare the journal entries to record the following transactions. (1) The issuance of the bonds on July 1, 2005. (2) The accrual of interest and the amortization of the discount on December 31, 2005. (3) The payment of interest and the amortization of the discount on July 1, 2006, assuming no accrual of interest on June 30. (4) The accrual of interest and the amortization of the discount on December 31, 2006. (b) Show the proper balance sheet presentation for the liability for bonds payable on the December 31, 2006, balance sheet.

Provide the answer to the following questions in letter from. (1) What amount of interest expense is reported for 2006? (2) Would the bond interest expense reported in 2006 be the same as, greater than, or less than the amount that would be reported if the straight-line method of amortization were use? (3) Determine the total cost of borrowing over the life of the bond. (4) Would the total bond interest expense be greater than, the same as, or less than the total interest expense that would be reported if the straight-line method of amortization were use.

SOAL TUGAS MANDIRI 18