Heathrow issues 2000000 of 6 15-year bonds dated january 1

Reference no: EM13598671

Heathrow issues $2,000,000 of 6%, 15-year bonds dated January 1, 2011, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,728,224.

1) Prepare the first two years of an amortization table using the straight-line method.
2) Prepare the journal entries to record the first two interest payments

Reference no: EM13598671

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