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amortization table Period: 6 semi-annual periods (3 years) Effective interest: 8% Stated rate: 10% Face Value: 100,000 Issue Price: 105,242.14 Period Amortization of Discount Interest to be Carrying Balance Interest paid=100,000 x 5% Expense=carrying amount x 4% -Int exp. - Int paid 105,242.14 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 123456

amortization table Period: 6 semi-annual periods (3 years) Effective interest: 8% Stated rate: 10% Face Value: 100,000 Issue Price: 105,242.14 Period Amortization of Discount Interest to be Carrying Balance Interest paid=100,000 x 5% Expense=carrying amount x 4% -Int exp. - Int paid 105,242.14 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 123456

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Make your own amortization schedule using the given data Compute and complete the amortization table Period: 6 semi-annual periods (3 years) Effective interest: 8% Stated rate: 10% Face Value: 100,000 Issue Price: 105,242.14 Amortization of Carrying Balance Period Interest paid=100,000 x 5% Expense=carrying Interest to be Discount amount x 4% -Int exp. - Int paid 105,242.14 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 3. 4
Transcribed Image Text:Make your own amortization schedule using the given data Compute and complete the amortization table Period: 6 semi-annual periods (3 years) Effective interest: 8% Stated rate: 10% Face Value: 100,000 Issue Price: 105,242.14 Amortization of Carrying Balance Period Interest paid=100,000 x 5% Expense=carrying Interest to be Discount amount x 4% -Int exp. - Int paid 105,242.14 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 3. 4
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