Question points
On January Runners issued $ of year, unsecured debentures at a net price of $ Interest is payable annually, on the anniversary date of the bonds.
a Determine the effective interest rate or effective yield on the bonds. Please make sure your final answers are in percentage form and are accurate to decimal places. For example:
Yield
b Prepare an amortization schedule for the life of the bond, under the effective interest method. Please make sure your final answers are accurate to decimal places.
tablePayment Interest Amortization BalanceJan Jan
c Prepare the liability section of the classified balance sheet for Runners as at December Please make sure your final answers are accurate to decimal places.
Select one
Bond payable SHOW STEP BY STEP DETAILS
