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Assume now that Smith Company, LLC acquired an Interest Bearing Note on January 1,2016 for...

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Accounting

Assume now that Smith Company, LLC acquired an Interest Bearing Note on January 1,2016 for $250,000.
with 6% interest, receiving $201,867 in cash. The note will pay $15,000 annually
The interest yield is 9% and will end on December 31,2025.
Amortization of bonds Payments Total Discount
Years Principal fixed interest amortized Balance
1-Jan-16
31-Dec-16
31-Dec-17
31-Dec-18
31-Dec-19
31-Dec-20
31-Dec-21
31-Dec-22
31-Dec-23
31-Dec-24
31-Dec-25

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