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  • Dec 16, 2010, 09:41 PM
    neo10neo
    Accounting Amortization Method Question
    On March 1, 2009, five-year bonds are sold for $508,026 that have a face value of $500,000 n an interest rate of 10%. Interest is paid semi-annually on March 1 and September 1. Using the straight-line amortization method, prepare the borrower's journal entries on
    - March 1, 2009
    - September 1, 2009
    - December 31, 2009
    - March 1, 2010

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