中級(jí)會(huì)計(jì)債券和長(zhǎng)期票據(jù)分期付款（課堂PPT）

1、9 - 1Installment Notes PayableLong-term notes that call for a series of installment payments.Each payment covers interest for the period AND a portion of the principal.With each payment, the interest portion gets smaller and the principal portion gets larger.9 - 2Allocating Installment Payments Betw

2、een Interest and PrincipalIdentify the unpaid principal balance.Unpaid Principal ?Interest rate = Interest expense.Installment payment - Interest expense = Reduction in unpaid principal balance.Compute new unpaid principal balance.9 - 3Allocating Installment Payments Between Interest and PrincipalOn

3、 January 1, 1999, Rocket Corp. borrowed $7,851.57 from First Bank of River City. The loan was a five-year loan and had an interest rate of 10%. The annual payment is $2,000.Prepare an amortization table for Rocket Corp.s loan.9 - 4Allocating Installment Payments Between Interest and PrincipalDatePay

4、mentInterest ExpenseReduction in Unpaid BalanceUnpaid BalanceJan. 1, 19997,581.57$ Jan. 1, 20002,000.00$ 758.16$ 1,241.84$ 6,339.73 Jan. 1, 20012,000.00 633.97 1,366.03 4,973.70 Jan. 1, 20022,000.00 497.37 1,502.63 3,471.07 Jan. 1, 20032,000.00 347.11 1,652.89 1,818.18 Jan. 1, 20042,000.00 181.82 1,

5、818.18 (0.00) Now, prepare the entry for the first payment on January 1, 2000.9 - 5Allocating Installment Payments Between Interest and PrincipalThe information needed for the journal entry can be found on the amortization table. The payment amount, the interest expense, and the amount to credit to

6、principal are all on the table. DateDescriptionDebitCredit31-Dec Interest Expense758.16 Note Payable1,241.84 Cash2,000.00 9 - 6Installment Notes-EG On January 2, 2011, Matrix Inc. leased an equipment (fair value is 2,500,000, useful life is 5 years) for 3 years. 900,000 lease expenses to be paid on

7、December 31, each year. The market rate of interest is 8%. Prepare the required journal entries for Matrix Inc. 2,319,390 / 2,500,000 = Called: financing lease 融資租賃融資租賃PresentAmountPVFactorValueLease900,0002,5771=2,319,3909 - 7 Equipment_ financinglease 2,319,390 Discount on payable 380,610 long-ter

8、m payable (長(zhǎng)期應(yīng)付款) 2,700,000At the lease Date (January 1)9 - 89 - 9Installment Notes9 - 10Installment Notes9 - 11Installment NotesOn Dec 31, 2011Interest expense 185,551.20 Discount on payable 185,551.20 long-term payable 900,000Cash 900,0009 - 12Installment NotesOn Dec 31, 2012Interest expense 128,3

9、95.3 Discount on payable 128,395.3 long-term payable 900,000Cash 900,0009 - 13Installment NotesOn Dec 31, 2013Interest expense 66,663.5 Discount on payable 66,663.5 long-term payable 900,000Cash 900,0009 - 14課堂練習(xí)課堂練習(xí) 課后習(xí)題P413，E9-189 - 15 January 1, 2011Machinery 4,000,000Notes payable4,000,0002.Amor

10、tization schedule $4,000,000 3.16987 = $1,261,881amount (from Table 4) installmentof loan n=4, i=10% payment9 - 16Dec.31 Cash Effective Decrease in Outstanding Payment Interest Debt Balance （ 10% x Outstanding Balance） 4,000,000 1,261,881 10*(4,000,000) =400,000 861,881 3,138,119 2012 1,261,881 10*(

11、3,138,119) =313,812 948,069 2,190,0502013 1,261,881 10*(2,190,050) =219,005 1,042,876 1,147,1742014 1,261,881 10*(1,147,174) =114,707* 1,147,174 0 9 - 17 3. December 31, 2011 Interest expense (10% x outstanding balance)400,000Note payable (difference) 861,881 Cash (payment determined above) 1,261,881 4. December 31,