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EX10#11: BONDS ISSUED AT PREMIUM: Mintz Company issued $400,000, 10%, 10-year bonds on January 1, 2017, at 105. Interest is payable annually. Mintz uses the straight-line method of amortization and has a calendar year end. 6 POINTS EX11 Instructions: (Complete Amortization Schedule - Bonds Issued at a Premium) Prepare all journal entries made in 2017 related to the bond issue. 1. What is the issuance price of the bond at a premium? issuance? $ Dr. What is the unamortized premium on the bond at Prepare the journal entry for the bond issuance. Cr. Cr. 2. Prepare the amortization schedule for the bond issued at a premium for the 10 years. 3. What is the Balance Sheet Reporting of the bond at the end of the fifth interest period (carrying value of bond)? Bond Payable S Add: Unamortized Premium on bonds Payable $ Carrying Value of Bond S t expense 4. What is the total i y issued $800,000, 10%, 20-year bonds on January 1 , 2017, ble annually on January 1. Grand uses the straight-line method of amortization and has a calendar year aw 2 Hw10#12. BONDS ISSUED AT A PREMIUM Grand Compan end. 8 POINTS Instructions: 1. What is the issuance price of the bond? S bond? 2. What is the carrying value of the bond at the end of the first interest period? S 3. What is the unamortized premium on the bond at the end of the second interest period? What is the total of the unamortized premium on the

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