Question: Could you please tell me what is the amortization table? And how to do that? Thanks a lot. On January 1, 2018, Ripstick Park issues
Could you please tell me what is the amortization table? And how to do that? Thanks a lot.
On January 1, 2018, Ripstick Park issues $800,000 of 8% bonds, due in ten years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $856,850. 1. Complete the first three rows of an amortization table through December 31, 2018. 2. Record the bond issue on January 1, 2018, and the first two semi-annual interest payments on June 30, 2018, and December 31, 2018
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