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Debt Issuance and Lease Recording

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Debt Issuance and Lease Recording

Resource: ABC Company History and ABC Financial Data Excel® spreadsheet, and the Income Statement and Balance Sheet Week 2 Individual assignment

Prepare bond and lease amortization schedules using the values from Week 2.

Create journal entries for the book debt restructure.

Adjust the balance sheet and income statements, including the bond and lease footnotes.

Submit the amortization schedules, journal entries, and the adjusted Balance Sheet and Income Statement in Microsoft® Excel® spreadsheets.

Remember for this assignment only the bond and lease schedules with the associated journal entires are required. No update of the balance sheet and income statement is required.

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