On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds: Date Cash Interest Amortization Balance January 1, Year 1 $ 58,998 End of Year 1 $ 3,944 $ 3,717 $ 227 58,771 End of Year 2 ? ? ? 58,530 End of Year 3 ? ? 257 ? End of Year 4 ? 3,671 ? 58,000
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On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on Decemb...
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English, 04.08.2019 04:30