Question
Legacy issues $660,000 of 5.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at
Legacy issues $660,000 of 5.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $648,412 and their market rate is 6% at the issue date.
QUESTION: Prepare a straight-line amortization table for the bonds' first two years.
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Accounting Principles Volume 1
Authors: Jerry A. Weygandt, Paul D. Kimmel, Donald E. Kieso
11th Edition
1118751752, 978-1118751756
