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Posted on May 11, 2024

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

on january

1 20

1,

christiansen farms issued

400, 000

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, 20

1

journal entry to record Christiansen Farms issuance of the five years bonds and its receipts of the cash

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