Please use excel sheet
NikkuOn 1-1-2014 Avion, Inc. Sold Bonds with these particulars: |
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| Face amt. of Bonds |
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| 425,000 |
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| Matures on 1-1-2024, in 10 yrs. |
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| Stated annual rate of int. |
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| 7.75% |
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| Effective annual rate of interest |
| 10.00% |
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| Int. is paid every six months; 6-30, 12-31 |
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Req. 1, Assume the effective Interest Method in accounting for these Bonds, build a 10 year amortization table | ||||||||
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Req. 2, Give General Journal entries to record the sale of the bonds, and the 1st 4 interest payments |
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12 years ago
3
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avion_inc_issue_of_bonds_payable.xlsx
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