Issue Price of the Bonds Assignment
February 18th, 2020
On January 1, 2017, Arbor Corp issued $800,000 of 20-year, 11% bonds at market yield of 12% p.a. Interest is payable semiannually on June 30 and December 31. Compute the issue price of the bonds. Show the financial statements effects using the template for the following:
1) bond issuance,
2) semiannual interest payment and discount amortization on June 30, 2017, and
3) semiannual interest payment and discount amortization on December 31, 2017 Price of a bond is $739,814.81 How do you record this on a financial effects table > Cash+NonCash=Liab+Contributed Capital+Earned Capital. Get Finance homework help today