Question
A partial bond amortization schedule for $1.74-million, 5-year bonds is presented below: Fill in the missing words or amounts. Semi-Annual Interest Period Interest PaymentExpenseDiscount Interest
A partial bond amortization schedule for $1.74-million, 5-year bonds is presented below:
Fill in the missing words or amounts.
| Semi-Annual Interest Period | Interest PaymentExpenseDiscount | Interest DiscountPaymentExpense | PaymentDiscountExpense Amortization | Bond Amortized Cost | ||||
| Issue Date | $1,709,368 | |||||||
| 1 (Apr. 30) | $34,800 | $ | $7,934 | $1,717,302 | ||||
| 2 (Oct. 31) | $34,800 | $42,933 | $ | $ |
What is the bonds face value?
What is the bonds' contractual interest rate? The market interest rate?
Prepare the journal entries for the first two interest payments.
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Produktivitat Von Dienstleistungen
Authors: Klaus Moller, Wolfgang Schultze
3rd Edition
3658040858, 9783658040857
