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Prepare a 3-year schedule of interest bond and revenue

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Prepare a 3-year schedule of interest bond and revenue discount amortization, applying the straight-line method ?

Here is my problem: On Jan.1,2012, Morgan company acquires $300,000 of Nicklaus, Inc., 9 recent bonds at a price of $278,384. The interest is payable every Dec.31, and the bonds mature Dec.31,2014. The investment will give Morgan company a 12% yield. The bonds are classified as held-to-maturity.

Reference no: EM13370415

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