On January 1, 2016 a company issued 100 bonds each for 1000 for par as the interest rate on the bond ( stated / coupon rate ) is 4% and the market rate is also 4% then they used tjis cash purchase an automobile for 100000 cash the bonds is to be paid at the end of the three years (December 31, 2018

n00, for par, as the They then Example #2, on January 1, 2016 a company purchases an automobile for $100,000 by signing a note for the $100,000, with 4% interest rate. The note is to be paid in three equal payments of $36,034.85 at the end of each year beginning December 31, 2016. First you need to fill in the loan reduction (amortization) schedule!!!!!! Beg. alance 100,000 965.15 648.90 interest expense Cash Payment Reduction in Principal Principal Ba CDARG THE IQURNAL ENTRIES FOR 2016: Debit Credi