Professional Documents
Culture Documents
On April 1, 2018, Intel Issued $1,600,000 of 12% Face Value Bonds For $1,703,411.40.
On April 1, 2018, Intel Issued $1,600,000 of 12% Face Value Bonds For $1,703,411.40.
On April 1, 2018, Intel Issued $1,600,000 of 12% Face Value Bonds For $1,703,411.40.
so first of all ,
look all of this is straight lined
bond interest as well as premium
so bond interest
over the 4 years = 1600000*12%*4= 768000
this is distributed over 8 periods=768000/8= 96000
This aside now comes the journal entries , I am doing from issuance till redemption
Ques 2
Date Account titles debit credit