on 1/1/2013 avion, inc. sold bonds with these three particulars:

Project Description:

on 1-1-2013 avion, inc. sold bonds with these particulars:
face amt. of bonds 475,000

matures on 1-1-2023, in 10 yrs.

stated annual rate of int. 8.75%

effective annual rate of interest 8.00%

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
Skills Required:
Project Stats:

Price Type: Negotiable

Total Proposals: 9
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