ACWKEI – Accounting Problem
Please follow the instructions below in the attached excel workbook:
| INSTRUCTIONS |
| 1. Compute the amount received for the bonds. |
| 2. Compute the first interest and amortization amounts for the October 1, 2016, payment. |
| 3. Prepare journal entries for the issuance of the bonds and for the first interest payment. |
| 4. Compute the second interest and amortization amounts for the April 1, 2017, payment. |
