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Chapter 14-1 Amortization Table (10 points) Wolf Inc Enterprise bond that is included in your problems. Needs to be in excel format i am just
Chapter 14-1 Amortization Table (10 points) Wolf Inc Enterprise bond that is included in your problems. Needs to be in excel format
i am just wondering if i plugged the numbers in right?
On February 1, 2018, wolf Inc. issued 10% bonds dated February 1, 2018, with a face amount of $200,000. The bonds sold for $239,588 and mature in 20 years. The effective interest rate for these bonds was 8%. Interest is paid semiannually on July 31 and January 31. Wolf's fiscal year is the calendar year. Wolf uses the effective interest method of amortization. Bond Life Periods Face % M1% MV% per pei Face Interest PV Bond $213,465.49 200,000 4 8 0.1 0.08 0.04 10000Step by Step Solution
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