amortization of bonds

Project Description:

on january 1, 1998, the market interest rate is 18%. friedman software, inc. issues $ 300,000 of 15%, 5-year bonds payable. the bonds pay interest on april 30, august 31, and december 31 (3 times a year)
friedman uses the effective-interest method for the amortization of the bond.
required:
1. record the issuance of the bonds on january 1, 1998 2. record the first 3 interest payment.

on january 1, 1998, the market interest rate is 15%. friedman software, inc. issues $ 300,000 of 18%, 5-year bonds payable. the bonds pay interest on april 30, august 31, and december 31 (3 times a year)
friedman uses the straight-line-interest method for the amortization of the bond.
required:
1. record the issuance of the bonds on january 1, 1998 2. record the first 3 interest payment.
Skills Required:
Project Stats:

Price Type: Fixed

Project Budget: $10 to $20
Completed
Total Proposals: 10
1 Current viewersl
80 Total views
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