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    pizza36's Avatar
    pizza36 Posts: 3, Reputation: 1
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    #1

    Aug 13, 2009, 05:41 PM
    Last journal
    On May 1, 20X5, Deever Corporation issued $500000 of 10%, 20-year bonds at 102. The interest is payable on November 1 and May 1. The premium is amortized by the straight-line method. Prepare an amortization schedule for the first three semiannual periods and journalize the following transactions:

    20X5
    May 1 Bonds issued
    Nov. 1 Paid semiannual interest and amortized premium
    Dec 31 Accrued bond interest and amortized premium:confused:
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
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    #2

    Aug 13, 2009, 11:49 PM

    Please provide your work for correction and guidance. Please study the guidelines on homework help.
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