Examples of Discount Reserve in a sentence
Upon further inspection of the general ledger accounts, the following is discovered: 5,000395,000 5,000 400,000 Sales Discount Sales Discount Reserve Reserve 12/31/92 1/1/92 12/31/92 12/31/92 Sales Discount Expense 5,000Sales Discount Reserve 5,000 To record sales discounts after computing pending year-end discounts of $400,000.
The officer’s recommendation is to increase the approved capital revenue as per approved DFES funding, increase the capital expense as per the signed building contract as well as include a transfer of $38,800 from the Rate Discount Reserve to fund the electrical connection shortfall.
On the Issue Date, the Issuer will deposit £2,096,997.76 into the Discount Reserve Account and £5,250,000 into the Reserve Account.
The start-up costs (other than underwriting and selling commissions payable in respect of the Notes but including expenses incurred in connection with the offering of the Notes and the fee payable to the Series Cap Provider under the Series Interest Rate Cap Agreement), together with the deposit into the Series Reserve Fund and the Series Discount Reserve relating to the issue of the Notes are estimated not to exceed £10,500,000.
The Discount Reserve Fund was drawn in full shortly after the Issue Date, with the result that the amounts standing to the credit ofthe same were insufficient to cover the redemption of the E Notes.