Explore BrainMass

Explore BrainMass

    Computing and Journalizing Bond Premiums and Discounts

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    The team and I already have the answers for both of these problems in question. We have agreed to the answers and are happy with them. I would like a professional to run through the problems and give "correct answers" so I may double check the teams work. If this is possible and can be done, I thank you. My main concern is with my problems P11-6A, (b) and (c), problem P11-7A (3). Traditionally the OTA's will work out the whole problem and post it anyway for review.

    © BrainMass Inc. brainmass.com December 15, 2020, 4:29 pm ad1c9bdddf


    Solution Preview

    The answers to all but the last set of questions appear in the ...

    Solution Summary

    This solution, in Excel 2007, demonstrates the computation of a bond premium or discount, the journal entries to record the issuance of the bond at a discount or premium, the preparation of an amortization schedule, and the preparation of journal entries to record the amortization.