Question

[The following information applies to the questionsdisplayed below.]

Duval Co. issues four-year bonds with a $103,000 par value onJune 1, 2013, at a price of $99,000. The annual contract rate is6%, and interest is paid semiannually on November 30 and May31.

10.

value:

0.50 points

Required information

1.

Prepare an amortization table for these bonds. Use thestraight-line method of interest amortization.

 

 

 

Hints

References

eBook & Resources

Hint #1

Check my work

11.

value:

0.50 points

Required information

2.

Prepare journal entries to record the first interest payment,accrued interest as of December 31, 2013 and to record the secondinterest payment.

 

 

 



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *