{"id":22892,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/use-the-straight-line-method-of-amortization-of-any-bond-premium-or-discount-for-simplicity-use-a-360-day-year-and-30-day-months-for-all-calculations"},"modified":"2017-08-03T16:11:38","modified_gmt":"2017-08-03T16:11:38","slug":"use-the-straight-line-method-of-amortization-of-any-bond-premium-or-discount-for-simplicity-use-a-360-day-year-and-30-day-months-for-all-calculations","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/use-the-straight-line-method-of-amortization-of-any-bond-premium-or-discount-for-simplicity-use-a-360-day-year-and-30-day-months-for-all-calculations\/","title":{"rendered":"Use the straight line method of amortization of any bond premium or discount. For simplicity, use a 360-day year and 30 day months for all calculations."},"content":{"rendered":"<div class=\"the_content_wrapper\">\n<p>On April 1, 2016 Omega Company sells $2,000,000 face value of 5% five year bonds at 101 which call for semiannual interest payments. The bonds are dated April 1, 2016<br \/> so these bonds are issued on an interest date. Use the straight line method of amortization of any bond premium or discount. For simplicity, use a 360-day year and 30 <\/p>\n<p>day months for all calculations. Record the journal entries for the issuance of the bonds Record the journal entries for the first interest payment due on October 1, <\/p>\n<p>2016. Assume that interest has not been accrued at each month end.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>On April 1, 2016 Omega Company sells $2,000,000 face value of 5% five year bonds at 101 which call for semiannual interest payments. The bonds are dated April 1, 2016 so these bonds are issued on an interest date. Use <a href=\"https:\/\/www.benedictsol.com\/blogs\/use-the-straight-line-method-of-amortization-of-any-bond-premium-or-discount-for-simplicity-use-a-360-day-year-and-30-day-months-for-all-calculations\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22892","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/22892","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=22892"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/22892\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=22892"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=22892"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=22892"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}