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Needles Accounting Resource Center
Principles of Financial Accounting , 2002 Edition
Belverd E. Needles, Jr., DePaul University
Marian Powers, Northwestern University
Susan Crosson, Santa Fe Community College
Check Figures
Chapter 16: Long-Term Liabilities


P 1. 1. Bond Interest Expense: Nov. 30, $517,500

P 2. 1. Bond Interest Expense: Sept. 1, $377,200

P 3. Bond Interest Expense: June 30, 20x2, $289,332; Sept. 1, 20x2, $186,580

P 4. 2. Loss on early retirement: $2,261,504

P 5. Loss on Retirement of Bonds: Feb. 28, 20x5, $1,600,000

P 6. 1. Bond Interest Expense: Sept. 1, $374,400

P 7. 1. Bond Interest Expense: Nov. 30, $1,040,300

P 8. 1. Bond Interest Expense: June 30, 20x1, $93,195; Sept. 30, 20x1, $193,800



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