Ask Experts Questions for FREE Help !
Ask
    BryceDiesel's Avatar
    BryceDiesel Posts: 3, Reputation: 1
    New Member
     
    #1

    Mar 7, 2013, 09:43 AM
    Solve my accounting problems
    Prepare a debt amortization schedule for a bond issued at discount. Assume that the bond matures in 12 years with market interest rate at time of issue—10% annually and 5% semiannually. The stated interest rate is 8%. The interest is paid semiannually.
    odinn7's Avatar
    odinn7 Posts: 7,691, Reputation: 1547
    Entomology Expert
     
    #2

    Mar 7, 2013, 10:01 AM
    You prepare it... it's your lesson, not ours.

    Do it and post it here if you are unsure. We don't do homework and hand out answers.
    BryceDiesel's Avatar
    BryceDiesel Posts: 3, Reputation: 1
    New Member
     
    #3

    Mar 7, 2013, 10:15 AM
    I was waondering if the question is complete, from what I understand there should be a price of the bond at the time of purchase or at least a bond amount. Do I just need to make up a bond amount? But thanks for your rude comments. I will do my own work I just have not had time to post the reainder of the question.
    odinn7's Avatar
    odinn7 Posts: 7,691, Reputation: 1547
    Entomology Expert
     
    #4

    Mar 7, 2013, 10:20 AM
    There is no way for us to know if the question is complete as we don't have the original in front of us.

    Also, there were no rude comments. Your title demanded we solve your accounting problems. I told you that this is not how this site works. We are a question and answer site, not a homework answering site. If we did your homework, you wouldn't learn. Someone may help you with it if you attempt to do it and post your results and they are wrong, but nobody is going to do the work for you. If you think that's rude, then I just figure it's because you're upset that you didn't get the answer that you wanted.

    And yeah, it looks like you could make up any amount as long as you can show the schedule that they ask for.

    Thanks!
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
     
    #5

    Mar 7, 2013, 10:26 AM
    Bonds are usually issued in $1,000 increments.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Accounting- to solve for par value [ 2 Answers ]

what is the par value per share of preferred stock? what is the dividend per share of preferred stock? What is a number of common stock shares outstanding? INFO: Stockholder equity paind in capital,preferred stock 10 par value,6%cumlative 50,000 shares authorized,30,00 shares issued and...

Solve my accounting problem [ 2 Answers ]

Veer ltd. Invited applications for issuing 1,00,000 equity shares of Rs.500 each at a premium of Rs.100 per share. The amount of was payable as: On application-Rs.200 per share On allotment-Rs.300 per share(including premium) On first and final call-balance of the amount Applications for...

Solve my accounting problems [ 3 Answers ]

Q.The trial balance of Zoon Ltd.Shows a difference of Rs.1270 which is debited to suspense account.The following errors are discovered.You are required to correct the errors and prepare the suspense account. i.The totl of the return outward books Rs.210 has not been posted in ledger. ii.A...

Solve my accounting problems? [ 0 Answers ]

In taking out a Trial Balance, a Book-Keeper finds that debit total exceeds the credit total by Rs.352.The amount is placed to the credit of a newly opened Suspense Account.Subsequently,the following mistakes were discovered. You are required to pass the Necessary entries for rectifying the...


View more questions Search