PROBLEM 14-5 (Continued)
1. Sanford Co.
Schedule of Bond Discount Amortization
Effective-Interest Method
10% Bonds Sold to Yield 12%
P14-7
April 1 2014
Cash (15,000x1,000x97%)
$14,550,000.00
Discount on Bonds Payable
$450,000.00
Comments
Content
PROBLEM 14-5 (Continued)
1. Sanford Co.
Schedule of Bond Discount Amortization
Effective-Interest Method
10% Bonds Sold to Yield 12%
P14-7
April 1 2014
Cash (15,000x1,000x97%)
$14,550,000.00
Discount on Bonds Payable
$450,000.00