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zz company acquired $100000 face value of the outstanding bonds of c company on january...

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Accounting

zz company acquired $100000 face value of the outstanding bonds of c company on january 1, 2017. the bonds pay interest semiannually on july 1 ( ist payment) and january 1 at an annual rate of 6% and mature on january 1, 2020. the bonds were priced on the market on january 1, 2017 to yield 5% compounded semi-annually. zz company classifies these bonds as held to maturity. a) compute the amount that zz company paid for these bonds, excluding commissions and taxes. b) prepare a bond amortization table. c) prepare the journal entries for the bond at issuance and for the first two contractual payments

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