Question
4. On Jan. 1, 2011, James Bond Corporation issued $100,000 of 6% bonds that mature in three years with interest paid on June 30 and
4. On Jan. 1, 2011, James Bond Corporation issued $100,000 of 6% bonds that mature in three years with interest paid on June 30 and December 31. Prepare an amortization schedule using the effective interest method and give the necessary journal entries in 2011 in the following two cases.
a) Assume the market interest rate is 4%.
b) Assume the market interest rate is 8%.
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EH And S Auditing Made Easy A Checklist Approach For Industry
Authors: Kathleen Hess
1st Edition
0865875812, 978-0865875814
