On January a company issues $ of bonds, due in eight years, with interest payable semiannually on June and December each year. Assuming the market interest rate on the issue date is the bonds will issue at $
Required:
Fill in the blanks in the amortization schedule below:
Record the bond issue on January and the first two semiannual interest payments on June and December
Complete this question by entering your answers in the tabs below.
Fill in the blanks in the amortization schedule below: Round your answers to the nearest dollar amount. Enter all amounts as positive values.
tableDateCash Paid,tableInterestExpensetableChange inCarrying ValueCarrying Value