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Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued
Hillside issues $4,000,000 of 6%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $3,456,448. |
2(b) | For each semiannual period, complete the table below to calculate the straight-line discount amortization. |
3. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life.
4. | Prepare the first two years of an amortization table using the straight-line method. |
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