Question

Dalton Company issued five-year, 7.5 percent bonds with a total face value of $900,000 on December 31, 2011, for $950,000. The bonds pay interest on June 30 and December 31 of each year.

Required:
1. Prepare an amortization table
2. Prepare the entries to recognize the interest payments made on June 30, 2012, and December 31, 2012.


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  • CreatedSeptember 22, 2015
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