Foreman Company issued 800,000 of 10%, 20-year bonds on January 1, 2015, at 84.95 to yield 12%. Interest is payable semiannually on July 1 and January 1.

requirements: prepare a bond amortization schedule for the exercise for the life of the bonds. Entries only for the required period by assignment. Use schedule for your journal entries. excel

Date	Particulars	Debit	Credit
a	Jan 1,2015	Cash (800000*84.95%)	679,600
		Bonds payable		679,600
b	July 1,2015	Interest expense (679,600*12%/2)	40,776
		bonds payable		776
		cash (800000*10%/2)		40000
c	Dec 31,2015	Interest expense (679,600-776)*12%/2	40,823
		bonds payable		823
		Interest payable (800000*10%/2)		40000