Term
|
Definition
Dr. Cash
Cr. Bands Payable |
|
|
Term
| Record issuance of Bond at a Discount |
|
Definition
Dr. Cash
Dr. Discount on Bond Payable
Cr. Bond Payable |
|
|
Term
| Record issuance of Bond at a Premium |
|
Definition
Dr. Cash
Cr. Premium on Bond Payable
Cr. Bonds Payable |
|
|
Term
| Record accrued intrest expense for a Par Bond |
|
Definition
Dr. Interest Expense
Cr. Intrest Payable |
|
|
Term
| Record accrued interest expense for a Premium |
|
Definition
| Dr. Interest Expense Cr.Premium on Bond Payable Cr. Interest Payable |
|
|
Term
| Record accrued interest expense for a Discount |
|
Definition
Dr. Interest Expense
Cr. Discount on Bond
Cr. Interest Payable |
|
|
Term
| Record payment of interest for all Bonds |
|
Definition
Dr. Bonds Payable
Dr. Interest Payable
Cr. Cash |
|
|
Term
|
Definition
Dr. Cash
Cr. Additional Paid-In Capital
Cr. Common Stock |
|
|
Term
| Record payment of Note Payable and Interest Expense |
|
Definition
Dr. Interest Expense
Dr. Note Payable
Cr. Cash |
|
|
Term
| Unearned Revenue (Unearned and Earned) |
|
Definition
Dr. Cash
Cr. Unearned Revenue
Dr. Unearned Revenue
Cr. Service Revenue |
|
|
Term
| Record issuance of Treasury Stock |
|
Definition
Dr. Treasury Stock (conta equity)
Cr. Cash |
|
|
Term
|
Definition
Dr. Cash
Cr. Preferred Stock
Cr. Paid-In Capital in excess of Par Value |
|
|
Term
| Issue Dividends (Declaration & Payment) |
|
Definition
Dr. Dividends
Cr. Dividends Payable
Dr. Dividends Payable
Cr. Cash |
|
|
Term
| Calculate the present value fo a single sum |
|
Definition
|
|
Term
| Calculate the present value of an Annuity |
|
Definition
|
|
Term
| Calculate the future value of an Annuity |
|
Definition
|
|
Term
| Calculate the future value of a single sum |
|
Definition
|
|
Term
| Calculate the present value of a Bond |
|
Definition
1. P x PVof1
2. Interest rate (contract) x PVofA |
|
|
Term
| Calculation of monthly interest rate |
|
Definition
|
|
Term
| Calculate for monthly payment of a note payable and interest expense |
|
Definition
1. P x % x n/12 = interest expense
2. Monthly payment - interest expense = note payable
3. P - note payable = Ending Note Payable |
|
|
Term
| Record payment of a note payable and interest expense |
|
Definition
| Dr. Interest Expense Dr. Note Payable Cr. Cash |
|
|
Term
| if the outcome has a possible liability |
|
Definition
| disclose the contingency in the footnotes |
|
|
Term
| if the outcome has a probable liability |
|
Definition
|
|
Term
|
Definition
1. Reduction int he par or stated value
2. Increase the number of shares
NO EFFECT: Retained Earnings, Stockholders Equity, Total Paid-In Capital |
|
|
Term
|
Definition
| Shares Issued - Treasury Shares |
|
|
