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Journal entries for Deep discount bond
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Suppose deep discount bond purchased for Rs.1000 and at maturity after 10 years we received Rs 1500. We have booked difference amount of Rs1500-Rs1000 = Rs500 as interest accrued but not due for 10 years. Now after 5 years prematured at Rs 800. So we have loss of Rs.250 in interest already...
Bond transactions at discount premium
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For something issued $50,000 of 10-year, 6% bonds payable on jn1 2006, pay interest each jan 1 and July 1 and amortizes discount and premium by the straight line method How would you journalize bonds and first semiannual interest payments of issue at a price of 105... I'm not grasping how this... View more questions Search
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