In: Accounting
on January 1, 2013, Johnson corporation issued a 10 year, 6% bond with a face value of $2,175,000. The bonds were sold to yield 5%. Interest is payable semi-annually on January 1 and July 1. Effective ammortization is to be used.
What accounts related to this bond would be shown on the 12/31/13 balance sheet? show in the proper sections.
Current Liabilities:
Long-term Liabilities: