Heathrow issues $2,000,000 of 6%, 15 year bonds ?

Question

Heathrow issues $2,000,000 of 6%, 15 year bonds dated January 1, 2004, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,728,224.

Prepare the January 1 journal entry to record the bonds' issuance.

Determine total bond interest expense

Perpare the first two years of an amortization table

Answer 1

I've sent the file to you.

Answer 2

Do your own homework