Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / On January 1 2015 Ripstick Park issues $800,000 of 8% bonds due in ten years with interest...

On January 1 2015 Ripstick Park issues $800,000 of 8% bonds due in ten years with interest payable semiannually on June 30 and December 31 each year Assuming the market interest rate on the issue

On January 1, 2015, Ripstick Park issues $800,000 of 8% bonds, due in ten years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $800,000. Record the bond issue on January 1, 2015, and the first two semiannual interest payments on June 30, 2015, and December 31, 2015.

 

 

145. On January 1, 2015, Ripstick Park issues $800,000 of 8% bonds, due in ten years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 9%, the bonds will issue at $747,968.

  1. Complete the first three rows of an amortization table through December 31, 2015.

Jan 27 2020 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions