accounting question 402645

Aug 29, 2021 | Uncategorized

On 1 1 2013 Avion, Inc. Sold Bonds with these particulars:
	Face amt. of Bonds	450,000


	Matures on 1 1 2023, in 10 yrs.

	Stated annual rate ofint.		7.25%

	Effective annual rate of interest	6.00%

	Int. is paid every six months; 6 30, 12 31

Req. 1, Assume the effective Interest Method in accounting for these Bonds, build a 10 year amortization table

Req. 2, Give General Journal entries to record the sale of the bonds, and the 1st 4 interest payments