ACG 3113 help A Guide to career/Snaptutorial ACG 3113 help A Guide to career/Snaptutorial | Page 13

2017
11 000
11 894
100 000
Instructions: a) Indicate whether the bonds were issued at a premium
or a discount and how you can determine this fact from the schedule.
b) Indicate whether the amortization schedule is based on the
straight-line method or the effective-interest method, and how you
can determine which method is used.
c) Determine the stated interest rate and the effective-interest rate.
d) On the basis of the schedule above, prepare the journal entry to
record the issuance of the bonds on January 1, 2008.
e) On the basis of the schedule above, prepare the journal entry or
entries to reflect the bond transactions and accruals for 2008. (Interest
is paid January 1.)
f) On the basis of the schedule above, prepare the journal entry or
entries to reflect the bond transactions and accruals for 2015. Capulet
Corporation does not use reversing entries.
==================================================
ACG 3113 Week 10 Individual Work