Candies issued of
year bonds on January when the market interest rate was
The company pays interest annually at yearend. The issue price of the bonds was $
Requirement
Create a spreadsheet model to prepare a schedule to amortize the bonds. Use the effectiveinterest method of amortization. Round to the nearest dollar.
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Part
Requirement. Create a spreadsheet model to prepare a schedule to amortize the bonds. Use the effectiveinterest method of amortization. Round your final answer to the nearest dollar. For amounts with a zero balance, enter a where appropriate.
A
B
C
D
E
F
Date
Interest Payment @DIV; of Maturity Value
Interest Expense @DIV; of Preceding Bond Carrying Amount
Discount Amortization C B
Discount Balance Preceding E D
Bond Carrying Amount $ E
$
