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On January 1- issued ten $1,000 bonds at 102. The 5-year bonds is dated January 1, 2016.
1.OnJanuary1:issuedten$1,000bondsat102.The5-yearbondsisdatedJanuary1, 2016.Thecontractinterestrateis6%.Straight-lineamortizationmethodisused.Interestispayablesemi-annualonJanuary1andJuly1.
2.
3.OnJuly1:RaycoCorporationissued$500,000of10%, 10-yearbonds.ThebondsdatedJanuary1, 2016wereissuedat88.5,andpayinterestonJuly1andJanuar ...
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12 Sep 2017
Expiry Date: 12 Sep 2017