Ok, I've been stuck for the past week trying to figure some of this stuff out and I've got to get it done since it's already late. I'll post my one accounting problem I need help with first, and then I'll post my stats problem in another post. I just need a push in the right direction because I am SO confused...and you guys helped me before and I trust you to help me out. So...here goes.
This problem involves straight line amortization of a bond discount (it has it for a premium, too, but I can do that myself if someone can show me the basic procedure).
Heathrow issues $2,000,000 of 6%, 15-year-bonds dated January 1, 2004, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,728,224.
1. For each semiannual period, compute (a) the cash payment, (b) the straight-line discount amortization, and (c) the bond interest expense.
2. Determine the total bond interest expense to be recognized over the bonds' life.
3. Prepare the first two years of an amortization table using the straight-line method. (I think I could figure this one out myself if nobody knows what this is talking about.)



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at math, but my room mate is a raging genius at math, and Stats....
Doesn't make a damn word a sense to me. But then again....I get lost in my own house sometimes....it will probably make sense to the genius


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