On January 1, 2015, Vacation Destinations issues $27 million of bonds that pay interest semiannually...
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Accounting
On January 1, 2015, Vacation Destinations issues $27 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below:
column 1 is darte column 2 is cash paid for interest, column 3 is interest expense, column 4 is increase in carrying value, and column 5 is the carrying value. what will be the original purchase price of the bond? The bond is issued at a discount. Value 1/1/2015 $25,165,306 6/30/2015 $945,000 $1,006,612 $61,612 25,226,918 12/31/2015 945,000 1,009,077 64,077 25,290,995
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