Year 1 July 1 . Issued $ 7 , 7 3 0 , 0 0 0 of
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Year
July Issued $ of fiveyear, callable bonds dated July Year at a market effective rate of receiving cash of $ Interest is payable semiannually on December and June
Oct. Borrowed $ by issuing a year, installment note to Nicks Bank. The note requires annual payments of $ with the first payment occurring on September Year
Dec. Accrued $ of interest on the installment note. The interest is payable on the date of the next installment note payment.
Paid the semiannual interest on the bonds. The bond discount amortization of $ is combined with the semiannual interest payment.
Year
June Paid the semiannual interest on the bonds. The bond discount amortization of $ is combined with the semiannual interest payment.
Sept. Paid the annual payment on the note, which consisted of interest of $ and principal of $
Dec. Accrued $ of interest on the installment note. The interest is payable on the date of the next installment note payment.
Paid the semiannual interest on the bonds. The bond discount amortization of $ is combined with the semiannual interest payment.
Year
June Recorded the redemption of the bonds, which were called at The balance in the bond discount account is $ after payment of interest and amortization of discount have been recorded. Record the redemption only.
Sept. Paid the second annual payment on the note, which consisted of interest of $ and principal of $
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