[mindyaiken]

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]

These aren't difficult calculations, let's see how you go then we can discuss your questions