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Prepare amortization schedule for sandford co

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Reference no: EM132657692

Sandford Co. sells bonds on March 1, 2017. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2020. Pertinent information follows:

Par value of the bonds           $ 500,000

Stated interest rate                   10%

Bond yield rate                              12%

Problem A. Calculate the bond price and bond discount using EXCEL function.

Problem B. Prepare amortization schedule

Problem C. Prepare journal entries for year 2017 and 2018.

Reference no: EM132657692

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