Mazeltov corporation issued 100000 of 3-year 10 stated rate

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Reference no: EM13610348

Mazeltov Corporation issued $100,000 of 3-year, 10% stated rate bonds on January 1, 2004 The bonds pay interest semi-annually and were sold at a market rate of 12%.

1.What was the issue price of the bonds?

2.Prepare an amortization schedule for the bonds.

3.Record then entry for interest for 6/30/05 using the modified accounting equation format.

Reference no: EM13610348

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