Bond interest and discount amortization On October 1, 2014, Irvine Corp.issued $400,000 8% bonds, due on October 1, 2019.Interest is to be paid semi-annually on April 1 and October 1.The bonds were sold to yield 10% effective annual interest.Irvine has a calendar year end. Instructions
a.Complete the following amortization schedule for the dates indicated.Round all answers to
the nearest dollar.Use the effective interest method.

December 31, 2016.

Question

Bond interest and discount amortization On October 1, 2014, Irvine Corp.issued $400,000 8% bonds, due on October 1, 2019.Interest is to be paid semi-annually on April 1 and October 1.The bonds were sold to yield 10% effective annual interest.Irvine has a calendar year end. Instructions
a.Complete the following amortization schedule for the dates indicated.Round all answers to
the nearest dollar.Use the effective interest method.
  
December 31, 2016.

Quizplus · Accepted Answer

The Answer of Bond interest and discount amortization On October 1, 2014, Irvine Corp.issued $400,000 8% bonds, due on October 1, 2019.Interest is to be paid semi-annually on April 1 and October 1.The bonds were sold to yield 10% effective annual interest.Irvine has a calendar year end. Instructions
a.Complete the following amortization schedule for the dates indicated.Round all answers to
the nearest dollar.Use the effective interest method.
  
December 31, 2016.

Bond Interest and Discount Amortization on October 1, 2014, Irvine