 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Bond premium amortization table
On July 1 2010 Atwater Corp issued 2,000,000 face value, 10% 10 year bonds at 2271813 Price resulted in an effective interest rate of 8% on the bonds. They use the effective interest method to amortize bond premium or discount. Bonds also pay semi annual interest on July 1 and January 1.
Prepare the amortization table through December 2012... |
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
Kendall issuus $175,000 three year bonds dated January 1 2009, that pay semi-annual interest on June 30 and December 31st. They are issued at $179,439 and their market rate is 10% at the issue date. Prepare the journal entry to record the bonds' retirement on January 1, 2011 at 105. (I have the...
If I purchase a bond with a face value of 1000 for 1055 with stated interest of 5.7% payable semi annually and due in 7 years, how do I determine the effective interest rate for amortization purposes?
On january 1, 2005, $300,000 of 10%, 3-year bonds were issued for $85,150. The market price at the time was 12%. The bonds pay interest semiannually on june 30 and december 31. The company amortizes any discount or premium using the effective-interest method of amortization.
View more questions Search
|
