財(cái)務(wù)會(huì)計(jì)概念與應(yīng)用英文版lectu(3)-wenkub
2023-01-21 21:28:50 本頁面
【正文】 The monthly payments are $: Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Mortgage Payable. . . . . . . . . . . . . . . 100,000 9 Mortgage Amortization ? Part of each mortgage payment pays off interest due and part of the payment reduces the principal amount due. ? A schedule can be prepared showing the portions of each payment that are principal and interest. Interest Principal Balance Payment (Balance X Interest Rate) (Payment – Interest) 100, 1 99, 2 99, 3 99, 4 99, 5 99, 6 99, 10 Mortgage Amortization Interest Principal Balance Payment (Balance X Interest Rate) (Payment – Interest) 100, 1 99, 2 99, 3 99, 4 99, 5 99, 6 99, Recording the payment for month 5: Interest Expense . . . . . . . . . . . . . . . . . . . . . Mortgage Payable . . . . . . . . . . . . . . . . . . . . Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Leases ? Capital leases – Asset and obligation reported on the balance sheet are the present value of the future lease payments. – Yearly interest expense based off of remaining lease liability balance (like mortgage amortization). Leased equipment for $10,000 a year, discounted at 14%: Leased Equipment . . . . . . . . . . . . . . . . . . . 52,161 Lease Liability. . . . . . . . . . . . . . . . . . . . 52,161 Record interest expense and first $10,000 payment: Interest Expense . . . . . . . . . . . . . . . . . . . . . 7,303 Lease Liability . . . . . . . . . . . . . . . . . . . . . . . 2,697 Cash . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10,000 (Interest expense = 52,161 X = 7,303) 12 Bonds ? Bond – A contract between the borrowing pany (issuer) and the lender (investor) in which the borrower promises to pay a specified amount of interest at the end of each period for which the bond is outstanding. The principal is then paid back at maturity. ? Debentures – Bonds that have no underlyi
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