ACWKEI – Accounting Problem

Please follow the instructions below in the attached excel workbook:

INSTRUCTIONS
1. Compute the amount received for the bonds.
2. Compute the first interest and amortization amounts for the October 1, 2016, payment.
3. Prepare journal entries for the issuance of the bonds and for the first interest payment.
4. Compute the second interest and amortization amounts for the April 1, 2017, payment.
 
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