Heathrow issues 2000000 of 6 15-year bonds dated january 1, Ask an Expert

Accounting

Heathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,728,224.

1) Prepare the first two years of an amortization table using the straight-line method.
2) Prepare the journal entries to record the first two interest payments

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9976248

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