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Amazon Finangal R... 26 Basic Financial Ra... Amazon Long-term... Other eBook Calculator Print Item Straight-Line Discount Am

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Date General Journal Debit Credit
Jan 1, 2016 Cash 554160
Discount on bonds payable[ 570000-554160] 15840
Bonds payable 570000
June 30,2016 Interest expense 19740
Discount on bonds payable [ 15840/6] 2640
Cash [ 570000*6%*1/2] 17100
Dec 31,2016 Interest expense 19740
Discount on bonds payable 2640
Cash 17100
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