Discount Straight Razor Kits Straight-line Amortization Of Both Bond Discount And Bond Premiums?

Straight-line amortization of both bond discount and bond premiums? - discount straight razor kits

Heathrow issues $ 2,000,000 6%, 15 Bond, 1 January 2004, the interest payable every six months
30. June and 31 December. The bonds are issued at a price of $ 1,728,224th
Required
1. Prepare January 1, 2004, in the journal entry, the issue of bonds.
2. For each six months time, to calculate (a) payment in cash, (b) the straight-line discount
and (c) interest on bonds.
3. Calculate the total bond interest expense over the term of the bonds are detected.
4. Prepare the first two years of an amortization table and Figure 14.7 on a straight line.
5. Prepare journal entries to record the first two interest payments.
6. Assuming that the bonds are issued at a price of $ 2447990th Repeat 1 to 5