Please use excel sheet | Nursing Term Papers


response to dq 1June 9, 2021

On 1-1-2014 Avion, Inc. Sold Bonds with these particulars:

 

 

 

 

 

Face amt. of Bonds

 

 

       425,000

 

 

 

 

 

 

 

 

 

 

 

 

 

Matures on 1-1-2024, in 10 yrs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stated annual rate of  int.

 

 

7.75%

 

 

 

 

 

 

 

 

 

 

 

 

 

Effective annual rate of interest

 

10.00%

 

 

 

 

 

 

 

 

 

 

 

 

 

Int. is paid every six months; 6-30, 12-31

 

 

 

 

 

 

 

 

 

 

 

 

 

Req. 1, Assume the effective Interest Method in accounting for these Bonds, build a 10 year amortization table

 

 

 

 

 

 

 

 

 

Req. 2, Give General Journal entries to record the sale of the bonds, and the 1st 4 interest payments

 

 
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