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Construction of a Bond Amortization Schedule Date Bond Sold Date Bond Matures 12% 10% July...

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Construction of a Bond Amortization Schedule Date Bond Sold Date Bond Matures 12% 10% July 1st; Jan. 1st 500,000 Stated Interest Rate Effective Interest Rate Interest Paid Semi-Annually Face Value of the Bond 1/1/2016 Sales Price of the Bond 538,607 d Amortization Schedule for this bond using the Requirement #1: Prepare the Bon effective interest method. Show only the first 5 interest 5% 5% interestP ash Paid/Recd Rev/ExpAmortizationVal Premium Bond Carrying Date 1/1/2011 /1/2011 1/1/2012 /1/2012 1/1/2013 7/1/2013 Total Requirement #2: Repare the following Journal Entries from the Standpoint of the INVESTOo JE #1: Record the purchase of the bond. JE #2: Record the first interest payment using the effective interest method from the Standpoint of the LENDER/BOND MAKER: JE #1: Record the sale of the bond. 1/1/2011 JE #2: Record the first interest payment using the effective interest method. shiw 7/1/2011 REQUIREMENT #3: What is the amortization per period using the Straight line Amortization method

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