Rentokil Limited issued a 10-year bond on January 1 2011. It pays interest on January 1. The below amortization schedule and interest schedule reflects this. Its year end is December 31. Rentokil Limited Bond Amortization Schedule Amount Jan 1 2011 Date Cash Interest unamortized Carrying Value 5,651 94.349 December 31 2011 11,000 11.322 5.329 94.671 December 31 2012 11,000 11,361 4.968 95.032 December 31 2013 11,000 11.404 4.564 95.436 December 31 2014 11,000 11.452 4.112 95.888 December 31 2015 11,000 11.507 3.605 96.395 December 31 2016 11,000 11,567 3.038 96,962 December 31 2017 11,000 11,635 2.403 97.597 December 31 2018 11,000 11,712 1,691 98.309 December 31 2019 11,000 11.797 894 99.106 December 31 2020 11,000 11,894 100,000 110,000 115.651

Rentokil Limited issued a 10-year bond on January 1 2011. It pays interest on January 1. The below amortization schedule and interest schedule reflects this. Its year end is December 31. Rentokil Limited Bond Amortization Schedule Amount Jan 1 2011 Date Cash Interest unamortized Carrying Value 5,651 94.349 December 31 2011 11,000 11.322 5.329 94.671 December 31 2012 11,000 11,361 4.968 95.032 December 31 2013 11,000 11.404 4.564 95.436 December 31 2014 11,000 11.452 4.112 95.888 December 31 2015 11,000 11.507 3.605 96.395 December 31 2016 11,000 11,567 3.038 96,962 December 31 2017 11,000 11,635 2.403 97.597 December 31 2018 11,000 11,712 1,691 98.309 December 31 2019 11,000 11.797 894 99.106 December 31 2020 11,000 11,894 100,000 110,000 115.651

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...

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