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* mannouncements Problem 14-01 The following amortization and interest schedule reflects the issuance of 10 year bonds by Teal Corporation on January 1, 2014, and
* mannouncements Problem 14-01 The following amortization and interest schedule reflects the issuance of 10 year bonds by Teal Corporation on January 1, 2014, and the subsequent interest payments and charges. The company year-end is December 31, and financial statements are prepared once yearly ment Amortization Schedule Amount Carrying 1/1/2014 $23,040 23.040 24,702 $26,037 24,553 22,091 21.030 18.946 204,363 205,047 207,509 209,370 211.454 23.040 25,374 216.00 13,997 11,069 2021 26,320 23,040 23.040 222,611 230,400 (a) Indicate whether the bonds were issued at a premium or a discount Discount (b) Indicate whether the amortization Straight line method (c) Determine the stated in al places, 1840) The statedrale The effective rate novy rewed select "Me Encry for (d) on the base of the schedule above, prepare the journal entry to record the sence of the bends on January 1, 2014. s credit account titles are automaticawy indeed when an der D onde manually.) w D A
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