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    mindyaiken's Avatar
    mindyaiken Posts: 1, Reputation: 1
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    #1

    Sep 23, 2012, 06:35 PM
    Bond Issue and buyback
    Coleman sells $1,500,000 of 8% bonds dated June 1, 2012 on June 1, 2012. The bonds pay interest Dec 1 and June 1. The bonds are due June 1, 2022 and yield 6%. On October 1, 2015, Coleman buys back $375,000 (face value) of the bonds for $445,000, which includes the accrued interest due to bondholders.

    I have prepared the amortization schedule for the issue along with the journal entries. I need help with preparing the amortization schedule for the buyback and the journal entries for 2015 and 2016.

    Can anyone help?
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
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    #2

    Sep 24, 2012, 05:07 AM
    These aren't difficult calculations, let's see how you go then we can discuss your questions

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