Crystal Corporation_Bonds Payable



3. On January 1,
2014, Crystal Corporation issued a $100,000 10-year bonds at 11%. Interest is
paid annually on December 31. The bonds were sold for $94,349 and the yield is


1. Prepare an
amortization schedule that determines interest at the effective interest rate.

2. Prepare an
amortization schedule by the straight-line method.

3. Prepare the
journal entries to record interest expense on December 31, 2016, by each of the
two methods.


There are no reviews yet.

Be the first to review “Crystal Corporation_Bonds Payable”

Your email address will not be published. Required fields are marked *