On january 1, a company issues bonds dated january 1 with a par value of $760,000. the bonds mature in 3 years. the contract rate is 8%, and interest is paid semiannually on june 30 and december 31. the bonds are sold for $742,000. the journal entry to record the first interest payment using straight-line amortization is

first, we define the variables:

x: number of years after 1950

f (x): amount of vinyl sold.

then, with the variables defined, we have:

68594 vinyl records were sold in 1958 > f (8) = 68594

91299 vinyl records were sold in 1961 > f (11) = 91299

38720 vinyl records were sold in 1952 > f (2) = 38720

161743 vinyl records were sold in 1967 > f (17) = 161743

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step-by-step explanation:

investment b is an ordinary annuity with $3,909.64 in the account after one year.

step-by-step explanation: