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On January 31,2021, Castlegar Sports Cars issued 11-year, 6% bonds with a face value of $140,000. The bonds were issued at 88, and pay interest
On January 31,2021, Castlegar Sports Cars issued 11-year, 6% bonds with a face value of $140,000. The bonds were issued at 88, and pay interest on January 31 and July 31. Castlegar amortizes bonds by the straight-line method. Requirement Record (a) issuance of the bonds on January 31, (b) the semi-annual interest payment and discount amortization on July 31, and (c) the interest accrual and discount amortization on December 31.
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