Hillside issues $4,000,000 of 6%, 15 year bonds dated January 1, 2007,...

nicki

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...that pay interest seminannually on June? 1. for each semiannual period, compute a)the cash payment . b) the straight line discount amortization and c) the bond interest expense

2. determine the total bond interest expense to be recognized over the bonds life

3. prepare the first two years of an amortization table using the straight line method

4. prepare journal entries to record the first two interest payment
sorry i for this info : the bonds are issued at a price of 3,456,448
 
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