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Pediatric Dispensary borrowed $390,000 on January 2, 2018, by issuing a 15% serial bond payable that must be paid in three equal annual installments plus
Pediatric Dispensary borrowed $390,000 on January 2, 2018, by issuing a 15% serial bond payable that must be paid in three equal annual installments plus interest for the year. The first payment of principal and interest comes due January 2, 2019. Complete the missing information. Assume bonds are issued at face value
I will need the following for year 2018, 2019 and 2020 ::
Current Liabilities: |
Bonds Payable |
Interest Payable |
Long-Term Liabilities: |
Bonds Payable |
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