On 3/1/2015 Company issued 500,000 8%, 8 yr bond to yield 10%. Interest is paid March 1 and September 1. Fiscal Year ends December 31. What is the bond issued for? What is the journal entry when the company closes its books an 12/31/15.

On 3/1/2015 ABC Co. issued $500,000 8% 8 year bond to yield 10%. Interest is paid each March 1 and September 1 . Fiscal year end is December 31. The bond is issued for ______________________ Prepare the amortization schedule for the Bond. You only need to show the first 4 periods: Date 3/1/15 9/1/15 3/1/16 9/1/16 3/1/17 Show the journal entry ABC would make with respect to the Bond when it closes it's books on 12/31/15: If on 9/1/16, after the interest expense entry (per amortization schedule) is recorded, ABC retires (buys back) half of the bonds (with a face value of $250,000) at 94. Record the entry made to dispose of the bonds