... This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually on January 1. Cole uses the effective-interest method to amortize bond premium or discount.
Prepare the schedule using effective-interest method to amortize bond premium or discount of Cole Corporation
Prepare the journal entries to record the issuance of the bonds
Accounting Cole Corporation issued $522,000, 6%, 23-year bonds on January 1, 2014, for $413,730.?
- Posted:
- 3+ months ago by tiper00
- Topics:
- price, bond, year, january, interest, cole, years, accounting, corporation, 2014
Details:
Answers
No answers have yet been posted. Add your answer to this question.