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