The following are selected transactions for Tyler, Inc., for Year and Year The firm ends its fiscal year on December
Year
Dec. Issued $ of year bonds for $ yielding an effective rate of Interest is payable June and December
Year
June Paid semiannual interest and recorded semiannual premium amortization on bonds.
Dec. Paid semiannual interest and recorded semiannual premium amortization on bonds.
a Complete the effective interest amortization schedule for the bond for Years Use EXHIBIT as an example. Round all calculations to the nearest dollar.
b Determine the financial statement effect of the transactions in Years and
TIP: If a category is not affected by the bond issuance, enter or leave the field blank. If the
transaction affects two accounts in the same category, enter the largest amount in the first row.
