Charger Battery issued $100,000 of 11 percent, seven-year bonds on December 31, 2011 for $104,868. Interest is

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Charger Battery issued $100,000 of 11 percent, seven-year bonds on December 31, 2011 for $104,868. Interest is paid annually on December 31. The market rate of interest is 10 percent.

Required:
Prepare the amortization table using the effective interest rate method.
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Cornerstones of Financial and Managerial Accounting

ISBN: 978-1111879044

2nd edition

Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen

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