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Prepare the journal entries December 31 for

Question : Prepare the journal entries December 31 for : 2015

Prepare the journal entries on December 31 for

Dec 31 DR Gain in Value of debt  xxxxxxx

          CR Notes Payable xxxxxxxx

Dec 31 DR Loss in Value of Derivative xxxxxxxxx

         CR  Liability from Interest-Rate Swap  xxxxxxxx

Income Statement:

Loss of Value of derivative xxxxxxxxxxxxxxx

Gain in value of debt xxxxxxxxxxxxxxxxxxx

Balance Sheet

Liability from interest-rate swap xxxxxxxxxxxxxxxxxx

Notes Payable xxxxxxxxxx

1.

the interest payment on the loan

2.

the interest-rate swap payment

3.

the fair value adjustment of the derivative

4.

the fair value adjustment of the debt

 

Solution
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