bond issuance?

Question

On December 31, 2000 Rudinski Contruction issued $20M of 10yr, 10% bonds...?
The coupon payments are to be made every 6 months. The market interest rate at issuance was 14%.

show how the bond related accounts would appear on the balance sheet as of:

dec 31,2000

jan 30, 2001

Answer 1

You need to use present value tables here. I think you'll find the journal entries on pages 3 and 4 of the link below very useful.