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On 1/1/23 a firm issues $100,000 of 6%,10 year bonds. The bonds pay interest each 12/31. The bonds are sold to yield 10%. 1. Calculate
On 1/1/23 a firm issues $100,000 of 6%,10 year bonds. The bonds pay interest each 12/31. The bonds are sold to yield 10%. 1. Calculate the issue price of the bonds 2. Record the issuance of the bonds 3. Record interest and amortization at 12/31/23 and 12/31 24
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