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ExercisesE 12-16 (10-15
min.)260210.05400000ABCDSemiannual Interest PeriodCash
PaymentInterest ExpenseDecrease in PrincipalPrincipal
Balance(D) x 10% x 6/12(A) - (B)(D) - (C)January 1, 2007June
30, 2007December 31, 2007June 30, 2008December 31,
2008June 30, 2009b.JournalDateAccounts and ExplanationsPost
Ref.DebitCredit2007Jan 1Jun 30

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