Fill in order details

  • Submit your instructions
    to writers for free!

Chat with the writer

  • Chat with preferred expert writers
  • Request a preview of your paper
    from them for free


  • Project edited by the quality evaluation department

Download Your Completed Project

  • Download the completed project from your account or have it sent to your email address

On January ​1, 2018​, Varden Incorporated issued $1,590,000 par​ value, 3%​, 7​-year bonds​

On January ​1, 2018​, Varden Incorporated issued $1,590,000 par​ value, 3%​, 7​-year bonds​ (i.e., there were 1,590 of$1,000 par value bonds in the​ issue). Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1. The issue price of the bonds based on a 4% market rate of interest is $1,493,755. Prepare the amortization table for the first 2​ years, assuming Varden uses the​ straight-line method. ​(Round each calculation to the nearest whole number and then use the rounded value for each subsequent calculation in the​ table.)

 Date Cash Interest Straight-Line Interest Discount /Premium Amortization Carrying Value

January 1, 2018

July 1, 2018

January 1, 2019

July 1, 2019

January 1, 2020

Place your order now on the similar assignment and get fast, cheap and best quality work written by our expert level  assignment writers.

What our customers say

error: Content is protected !!