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Bose04
Feb 24, 2009, 01:23 PM
I'm looking for someone to point me in the right direction on this (NOT just a straight up answer to the question). An online reference of a similar example would be ideal.

On 12/31/05 Company issues $10m of 10yr 12% Debentures at 97.

Prepare an analysis of bond transactions. Assume Straight-Line amortization. Show entries for both issuer and investors regarding (A)Issuance, (B)One Semi-Annual interest payment, and (C) Payment of Maturity Value.

AGAIN: Not asking for someone to do my homework for me, just point me in the right direction of figuring out how, my text is next to useless.

Also, when it says 12% debentures @<hidden> 97, what is the 97 in reference to?