White company issued 8000000 12% bonds on December 31 2011 at 96. Interest is payable annually on December 31. These mature as follows:
December 31
2013 1000000
2014 1000000
2015 1000000
2016 1000000
2017 2000000
2018 2000000
Total 8000000
Required
a.) prepare a schedule showing the annual amortization of the bond discount using the bond outstanding method
b) prepare all indicated entries from 2011 to 2014
I am having a hardtime doing this... I am solving this for two days and yet I didn't get it
Help me please
