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on january 1 2 0 X 1 , christiansen farms issued 4 0 0 , 0 0 0 of 7 % five year bonds for

on january 120X1, christiansen farms issued 400,000 of 7% five year bonds for 436,000. interest payments are due yearly each december 31. complete an interest and amorization schefule for christiansen farms bonds. assume the compant uses the straightline method to amortize and discounts or premiums.Provide the January 1,20X1 journal entry to record Christiansen Farms issuance of the five years bonds and its receipts of the cash

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