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Category > Accounting Posted 08 Oct 2017 My Price 2.00

Winrow Company received proceeds of $565,500 on 10-year, 8% bo

Winrow Company received proceeds of $565,500 on 10-year, 8% bonds issued on January 1, 2013. The bonds had a face value of $600,000, pay interest annually on December 31st, and have a call price of 101. Winrow uses the straight-line method of amortization. What is the amount of interest Winrow must pay the bondholders in 2013?         

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SmartExpert
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Status NEW Posted 08 Oct 2017 09:10 PM My Price 2.00

ANS-----------WER----------- D-----------isc-----------oun-----------t o-----------n b-----------ond-----------s p-----------aya-----------ble----------- = -----------600-----------000------------56-----------550-----------0 i-----------.e -----------345-----------00 -----------Dis-----------cou-----------nt -----------to -----------be -----------amo-----------rti-----------sed----------- ev-----------ery----------- ye-----------ar -----------= 3-----------450-----------0/1-----------0 i----------- -----------

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