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On January 1, 2025, Sheridan Co. issued ten-year bonds with a face value of 6125000...

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Accounting

On January 1, 2025, Sheridan Co. issued ten-year bonds with a face value of 6125000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are: Present value of 1 for 10 periods at 10% .38554. Present value of 1 for 10 periods at 12% .32197. Present value of 1 for 20 periods at 5% .37689. Present value of 1 for 20 periods at 6% .31180. Present value of annuity for 10 periods at 10% 6.14457. Present value of annuity for 10 periods at 12% 5.65022. Present value of annuity for 20 periods at 5% 12.46221. Present value of annuity for 20 periods at 6% 11.46992.

image Prepare the amortization table for 2025, assuming that amortization is recorded on interest payment dates using the effective-interest method. (Round answers to 0 decimal places, e.g. 25,000 .)

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