Ex111
Curre
tliabilitiesFederali
cometaxespayableAdva
ceso
magazi
esubscriptio
sTotalcurre
tliabilities
12
4200011552502197250
120000×356900×30×912155250
The
i
emo
thsofu
filledsubscriptio
sareacurre
tliabilitybecauseWebWorldreceivedpayme
tpriortoprovidi
gthemagazi
es
Ex112
a1Mercha
diseI
ve
toryI
terestExpe
seNotesPayable2NotesPayableCashb1NotesReceivableSalesI
terestReve
ue2CashNotesReceivable
1
196000400012000002000002000002000001960004000200000200000
200000×8×90360
Ex113
a90000×6×903601350foreachalter
ativeb190000simplei
terest
ote90000proceeds290000discou
ted
ote900001350i
terest88650proceedscAlter
ative1ismorefavorabletotheborrowerThisca
beverifiedbycompari
gtheeffectivei
terestratesforeachloa
asfollowsSituatio
16effectivei
terestrate1350×36090÷900006Situatio
2609effectivei
terestrate1350×36090÷88650609Theeffectivei
terestrateishigherfortheseco
dloa
becausethecreditorle
to
ly88650i
retur
for1350i
terestover90daysI

fthesimplei
terestloa
thecreditormustle
d90000for90daystoear
thesame1350i
terest
Ex114
aAccou
tsPayableNotesPayable900090009000759075
bNotesPayableI
terestExpe
seCash9000×5×6036075
Ex115
aJu
e30Buildi
gLa
dNotePayableCash31NotePayableI
terestExpe
se800000×8×12Cashr