Assignment 6: Financial Acct 1

Bond Reporting  

Activity Context  

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Revisit the Course Alignment Map to review how all activities assist you in achieving the course competencies and overall program outcomes.  

Activity Instructions

In this assignment, you will compute the issue price for bonds issued at par and determine the amount of interest expense that should be recorded on the financial statement during various dates. In addition, you will compute the amount of interest that should be paid to bond holders as of specific interim dates.

Complete P10-2 (page 536) and CP10-2 (page 541) from Chapter 10 of your Financial Accounting textbook.

Submission Requirements  

All quantitative assignments must be completed on the Microsoft Excel templates provided. Create one workbook with multiple tabs, copying each problem’s template onto a separate tab and completing the work there. Submit this single file in the assignment area. Include your name and the assignment number in the file name; also include your name and the problem number on each tab of the document. All work should be shown. Assignments must not be submitted as a PDF.

Refer to the scoring guide for this assignment to ensure that you meet the grading criteria. Note that one scoring guide is used to evaluate both of the problems in this assessment; each criterion in the scoring guide relates to one or both of the problems here.

Resources 

Bond Reporting Scoring Guide. 
Microsoft Excel-CP10-2 template. 
Microsoft Excel-P10-2 template. 
Course Alignment Map

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