Lake Hamilton Development_Bonds Payable

he fiscal year ends December 31 for Lake Hamilton Development. To provide funding for its Moonlight Bay project, LHD issued 5% bonds with a face amount of $500,000 on November 1, 2013. The bonds sold for $442,215, a price to yield the market rate of 6%. The bonds mature October 31, 2033 (20 years). Interest is paid semiannually on April 30 and October 31.

1.
What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2013? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

Interest expense $

2.
What amount(s) related to the bonds will LHD report in its balance sheet at December 31, 2013? (Do not round intermediate calculations. Round your answers to the nearest dollar amount.)

Bonds payable $
Interest payable $

3.
What amount of interest expense related to the bonds will LHD report in its income statement for the year ending December 31, 2014? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)

Interest expense $

4.
What amount(s) related to the bonds will LHD report in its balance sheet at December 31, 2014? (Do not round intermediate calculations. Round your answers to the nearest dollar amount.)

Bonds payable $
Interest payable $

Lake Hamilton Development_Bonds Payable

Evolution of Health Care Information Systems Grading Criteria

Refer to the table below and answer the questions that follow.

Lake Hamilton Development_Bonds Payable

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