Religious Studies homework help
On January 1st, 2015 Roth Co issued $2,000,000, 5% 10-year bonds. Interest is payable on June 30th and December 31st when the market rate of interest for similar bonds was 6%. Use the following format and round figures to the nearest dollar:1) Actual proceeds received from the issuance of the bonds2) Prepare ann amortization schedule for Year 1 and Year 2 using the effective interest rate method Date Cash Paid Interest Expense Amortization Bond Carry Value3) Show how this bond would be reported on the balance sheet at Dec 31 Year 2.