DajendJK Company issued bonds $267,000 of 5 year, 6 percent bonds on January 1, 2018, at 102. Interest is payable in cas...
DajendJK Company issued bonds $267,000 of 5 year, 6 percent bonds on January 1, 2018, at 102. Interest is payable in cash annually on December 31. The straight-line method is used for amortization.
What is the interest payment DajendJK will pay each year? $_______
Homework Answers
Calculate interest payment
Interest payment each year = Face value*Interest rate
= 267000*6%
Interest payment each year = $16020
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