Bond Payable-Interest and Year End DO NOT Coincide

ACC 302 Chapter 14-Bond Payable Example - Interest Dates and Year End Do Not Coincide lanuary 31, 2019 On February 1, 2018, the Kentucky Company issued a 6%, 4-year, $500,000 bond. The bond was sold to yield 2%. paid semi-annually on January 31" and July 31", beginning buly 31, 2018. The Company has a December 31t year end Calculate the issance price of the bond $ 43306 B. Prepare the journal entry to record the issuance of the bond on February 1, 2018 Credit Debit CWithout using an amortization schedule, cakulate the total interest expense over the life of the bond. D. Prepare an amortization schedule for the life of the bond