28) On January 1, 2011, Sea the World Cruises, Inc. issued $100,000 worth of 8%, 10-year bonds at 88. The market rate of interest at the time of issue was 10%. Interest will be paid semiannually on June 30 and December 31. Sea the World Cruises uses the effective interest method for amortizing any bond discounts or premiums. Part A: For each item listed below, fill in the correct dollar amount in the column that represents the financial statement where the item will appear: Income Statement Statement of Cash Flows Balance Sheet 1 Proceeds from issuing bonds 2 Interest expense for the 6 months ended June 30, 2011 3 Interest paid for the 6 months ended June 30, 2011 4 Interest expense for the 6 months ended Dec. 31, 2011 5 Interest paid for the 6 months ended Dec. 31, 2011 6 Carrying value of the bonds at December 31, 2011 7 Interest expense for the YEAR ended Dec. 31, 2011 8 Interest paid for the YEAR ended Dec. 31, 2011 9 Interest expense for the 6 months ended June 30, 2012 10 Interest paid for the 6 months ended June 30, 2012 11 Interest expense for the 6 months ended Dec. 31, 2012 12 Interest paid for the 6 months ended Dec. 31, 2012 13 Carrying value of the bonds at Dec. 31, 2012 14 Interest expense for the YEAR ended Dec. 31, 2012 15 Interest paid for the YEAR ended Dec. 31, 2012 29) On December 31, 2010, Crystal Palace, Inc. issued $100,000 worth of 9% bonds at 107. The market rate of interest at the time of issue was 8%. These are 10-year bonds with interest paid semiannually on June 30 and December 31. The company uses the effective-interest method to amortize the discount. Part A: For each item listed below, fill in the correct dollar amount in the column that represents the financial statement where the item will appear: Part A: Income Statement Statement of Cash Flows Balance Sheet 1. Proceeds from issuing bonds 2. Interest expense for the 6 months ended June 30, 2010 3. Interest paid for the 6 months ended June 30, 2010 4. Interest expense for the 6 months ended Dec. 31, 2010 5. Interest paid for the 6 months ended Dec. 31, 2010 6. Carrying value of the bonds at December 31, 2010 7. Interest expense for the 6 months ended June 30, 2011 8. Interest paid for the 6 months ended June 30, 2011 9. Interest expense for the 6 months ended Dec. 31, 2011 10. Interest paid for the 6 months ended Dec. 31, 2011 11. Carrying value of the bonds at December 31, 2011

28) On January 1, 2011, Sea the World Cruises, Inc. issued $100,000 worth of 8%, 10-year bonds at 88. The market rate of interest at the time of issue was 10%. Interest will be paid semiannually on...

28) On January 1, 2011, Sea the World Cruises, Inc. issued $100,000 worth of 8%, 10-year bonds at 88. The market rate of interest at the time of issue was 10%. Interest will be paid
semiannually
on June 30 and December 31. Sea the World Cruises uses the effective interest method for amortizing any bond discounts or premiums.

Part A:
For each item listed below, fill in the correct dollar amount in the column that represents the financial statement where the item will appear:

		Income Statement	Statement of Cash Flows	Balance Sheet
1	Proceeds from issuing bonds
2	Interest expense for the 6 months ended June 30, 2011
3	Interest paid for the 6 months ended June 30, 2011
4	Interest expense for the 6 months ended Dec. 31, 2011
5	Interest paid for the 6 months ended Dec. 31, 2011
6	Carrying value of the bonds at December 31, 2011
7	Interest expense for the YEAR ended Dec. 31, 2011
8	Interest paid for the YEAR ended Dec. 31, 2011
9	Interest expense for the 6 months ended June 30, 2012
10	Interest paid for the 6 months ended June 30, 2012
11	Interest expense for the 6 months ended Dec. 31, 2012
12	Interest paid for the 6 months ended Dec. 31, 2012
13	Carrying value of the bonds at Dec. 31, 2012
14	Interest expense for the YEAR ended Dec. 31, 2012
15	Interest paid for the YEAR ended Dec. 31, 2012

29) On December 31, 2010, Crystal Palace, Inc. issued $100,000 worth of 9% bonds at 107. The market rate of interest at the time of issue was 8%. These are 10-year bonds with interest paid
semiannually
on June 30 and December 31. The company uses the effective-interest method to amortize the discount.

Part A: For each item listed below, fill in the correct dollar amount in the column that represents the financial statement where the item will appear:

Part A:

		Income Statement	Statement of Cash Flows	Balance Sheet
1.	Proceeds from issuing bonds
2.	Interest expense for the 6 months ended June 30, 2010
3.	Interest paid for the 6 months ended June 30, 2010
4.	Interest expense for the 6 months ended Dec. 31, 2010
5.	Interest paid for the 6 months ended Dec. 31, 2010
6.	Carrying value of the bonds at December 31, 2010
7.	Interest expense for the 6 months ended June 30, 2011
8.	Interest paid for the 6 months ended June 30, 2011
9.	Interest expense for the 6 months ended Dec. 31, 2011
10.	Interest paid for the 6 months ended Dec. 31, 2011
11.	Carrying value of the bonds at December 31, 2011

May 15, 2022

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28) On January 1, 2011, Sea the World Cruises, Inc. issued $100,000 worth of 8%, 10-year bonds at 88. The market rate of interest at the time of issue was 10%. Interest will be paid semiannually on...

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