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4. Anya Company disclosed the following accounts on December 31, 2016. 12% Bond Payable-Due Jan. 1, 2019 Jan. 1, 2016 Jan. 1, 2009 6,000,000.00 P3,000
4. Anya Company disclosed the following accounts on December 31, 2016. 12% Bond Payable-Due Jan. 1, 2019 Jan. 1, 2016 Jan. 1, 2009 6,000,000.00 P3,000 face amount purchased at 90 & retired 2,700,000.00 Discount on Bonds Payable 300,000.00 Jan. 1, 2009 Required a. Compute the balance of bonds payable & discount on bonds payable on Dec. 31, 2016. The straight-line method of amortization is used. b. Compute the bond interest expenses for the year ended Dec. 31, 2016. Interest is payable semi-annually on Jan. 1 & July 1 c. Prepare adjusting entries on Dec. 31, 2016
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