Unformatted text preview: Instructions (a) Calculate the issue price of the bonds. (b) Without prejudice to your solution in part (a), assume that the issue price was $1,120,000. Prepare the amortization table for 2011, assuming that amortization is recorded on interest payment dates. Page 1...
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- Spring '08
- Amortization, 6%, five-year, 8%, $1,200,000, $1,120,000