中級(jí)會(huì)計(jì)分期付款課件

AmericanFoodServices,Inc.,acquiredapackagingmachinefromBartonCorporation.BartonandBartoncompletedconstructionofthemachineonJanuary1,2011.Inpaymentforthe$4millionmachine,AmericanFoodServicesissuedafour-yearinstallmentnotetobepaidinfourequalpaymentsattheendofeachyear.Thepaymentsincludeinterestattherateof10%.1.PreparethejournalentryforAmericanFoodServicespurchaseofthemachineonJanuary1,2011.2.Prepareanamortizationscheduleforthefour-yeartermoftheinstallmentnote.3.PreparethejournalentryforthefirstinstallmentpaymentonDecember31,2011.4.WhatthetotalamountofpaymentonDecember31,2014?AmericanFoodServices,

January1,2011Machinery 4,000,000

Notespayable 4,000,0002. Amortizationschedule

$4,000,000 ÷ 3.16987 = $1,261,881 amount (fromTable4) installment

ofloan n=4,i=10% paymentJanuary1,2011Dec.31 Cash Effective Decreasein OutstandingPayment

InterestDebtBalance

（10%xOutstandingBalance）

4,000,000

1,261,881

10*(4,000,000)=400,000

861,881

3,138,119

2012 1,261,881

10*(3,138,119)=313,812

948,069

2,190,05020131,261,881

10*(2,190,050)=219,005

1,042,876

1,147,17420141,261,881

10*(1,147,174)=114,707*

1,147,1740

中級(jí)會(huì)計(jì)分期付款ppt課件3. December31,2011Interestexpense(10%xoutstandingbalance) 400,000

Notepayable(difference) 861,881

Cash(paymentdeterminedabove) 1,261,8814. December31,2013

1,261,881*4=50475243. December31,2011December31,20114,000,000/4+4,000,000*10%=1,400,000December31,20124,000,000/4+(4,000,000-4,000,000/4)*10%=1,300,000December31,20134,000,000/4+(4,000,000-4,000,000/4*2)*10%=1,200,000December31,20144,000,000/4+(4,000,000-4,000,000/4*3)*10%=1,100,000December31,2011Dec.31 Cash Effective Decreasein OutstandingPayment

InterestDebtBalance

（10%xOutstandingBalance）4,000,000

20111,400,00010%*(4,000,000)=400,000

1,000,000

3,000,000

2012 1,300,00010%*(3,000,000)=300,0001,000,0002,000,00020131,200,00010%*(2,000,000)=200,0001,000,000

1,000,00020141,100,00010%*(1,000,000)=100,000*

1,000,0000

Dec.31 Cash

January1,2011Machinery 4,000,000

Notespayable 4,000,000December31,2011Interestexpense(10%xoutstandingbalance) 400,000

Notepayable(difference) 1,00