Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 27

Six events relating to liabilities follow:
a.aid the liability for interest payable accrued at the end of the last accounting period.
b.ade the current monthly payment on a 12-month installment note payable, including interest and a partial repayment of principal.
c.ssued bonds payable at 98 on March 1, 2015.he bonds pay interest March 1 and September 1.
d.ecorded September 1, 2015, interest expense and made semiannual interest payment on bonds referred to in part c.e.ecorded necessary adjusting entry on December 31, 2015, for bonds referred to in part c.f.ecorded estimated six-month warranty expense on December 31, 2015.
Indicate the effects of each transaction or adjusting entry on the financial measurements in the five column headings listed below.se the code letters I for increase, D for decrease, and NE for no effect.