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    leilaniann67's Avatar
    leilaniann67 Posts: 2, Reputation: 1
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    #1

    Jul 12, 2011, 08:56 AM
    Amortization schedule using Interest method
    On January 1, 2007, Vex Corporation issued $300,000 of 10%, 10-year bonds for $257,616, yielding a market rate of 12%. Interest is paid on July 1 and December 31. Vex uses the interest method to amortize the discount.

    1.Using an issue price of $265,590.24, prepare an amortization schedule for the first three semiannual periods.
    leilaniann67's Avatar
    leilaniann67 Posts: 2, Reputation: 1
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    Jul 12, 2011, 03:51 PM
    On January 1, 2007, Vex Corporation issued $300,000 of 10%, 10-year bonds for $257,616, yielding a market rate of 12%. Interest is paid on July 1 and December 31. Vex uses the interest method to amortize the discount.

    1.Using an issue price of $265,590.24, prepare an amortization schedule for the first three semiannual periods.
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    kcomissiong Posts: 1,166, Reputation: 276
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    Jul 13, 2011, 07:13 AM
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