Freebies just for you

We are available 24/7

We help you complete college assignments in under 24 hours.

Get help with essays, research papers, PowerPoint Presentations, reports, reviews, and projects at incredibly low prices.

Straight-line method of amortization

Option #2: Bonds Issued at a Discount On October 1st, 2013, Franklin Corporation issued $2 million of 13.5% bonds for $1.9?0,143.36. The bonds are clue in 4 years. and pay interest semiannually on March 31 and September 30. Assume an effective yield rate of14%. a. Use the spreadsheet included in the module section to prepare a bond interest expense and discount amortization schedule using the straight-line method. b. Use the same spreadsheet to prepare a bond interest expense and discount amortization schedule using the effective interest method. c. Prepare any adjusting entries for the end of the ?scal year December 31. 2018, using the:

1. straights line method of amortization

2. effective interest method of amortization Assume the company retired the bonds on June 30. 2G19, at 98 plus accrued interest. Prepare the journal entries to record the bond retirement using the straight-line method of amortization and the effective interest method of amortization.

“Struggling with a similar assignment?”

Place an order below and we’ll get it done within the deadline selected.

Custom Papers

We will write a custom paper for you at $15.50 $11/page

Free title page

Free reference page

Free formatting

Unlimited revisons

EssayTab is hands down the best essay writing service for college students. I was initially skeptical about the quality of a product that has such a low price point but I can tell you that it’s worth every penny! I’ve been using EssayTab for my essays in college as well as in grad school, and they always deliver excellent content.

College Student