In: Accounting
Problem 14-5A Straight-Line: Amortization of bond premium and discount LO P1, P2, P3
[The following information applies to the questions
displayed below.]
Legacy issues $620,000 of 9.5%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $571,867 and their market rate is 12% at the issue date.
Problem 14-5A Part 3
3. Prepare a straight-line amortization table
for the bonds' first two years.
Note
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