ACCT 551 Week 3 Homework

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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

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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

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