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Assignment No. 2 Shan Company purchased $100,000 of 8 percent bonds of Pak Corporation on January 1, 2009, at a discount, paying $92,278. The bonds

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Assignment No. 2 Shan Company purchased $100,000 of 8 percent bonds of Pak Corporation on January 1, 2009, at a discount, paying $92,278. The bonds mature January 1, 2014 and yield 10%; interest is payable each July 1 and January 1. Required: 1. Record the investment of Shan 2. Prepare Bond Amortization Schedule

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