Answer

On January 1, 2015, McAdam Corporation issued ten-year bonds with a face value of $5.000.000 and a stated interest rate of 10%, payable semi-annually on July 1 and January 1. The bonds were sold to yield 12%. Table values are: Calculate the Issue price of the bonds. Venus Williams Co. sold $2,000,000 of 8% bonds on June 1, 2015 for $1, 754, 200. The bonds pay interest annually on May 31 of each year. The due date of the bonds is September 1, 2017. The bonds yield 10% Complete the following amortization schedule for the dates indicated