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Bonds Issued between Interest Dates- D Company planned on Issuing bonds $2000,000 on January 1, 2018 but due to slowdowns the bonds were not sold
Bonds Issued between Interest Dates- D Company planned on Issuing bonds $2000,000 on January 1, 2018 but due to slowdowns the bonds were not sold until April 1, 2018. These 8 year bonds pay 6% interest annually each December 31st and were sold to yield 5.5%.Prepare and amortization table for these bonds and the entry to record their issuance and the first payment on December 31, 2018.
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