Problem 14-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below] Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $508,050 when the market rate is 12%. Problem 14-4A (Algo) Part 3 3. Prepare a straight-line amortization table for the bonds' first two years. Note: Round your intermediate and final answers to the nearest whole dollar. Semiannual Period-End Unamortized Discount Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022
Problem 14-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to the questions displayed below] Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $508,050 when the market rate is 12%. Problem 14-4A (Algo) Part 3 3. Prepare a straight-line amortization table for the bonds' first two years. Note: Round your intermediate and final answers to the nearest whole dollar. Semiannual Period-End Unamortized Discount Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 95PSA
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![Problem 14-4A (Algo) Straight-Line: Amortization of bond discount LO P2
[The following information applies to the questions displayed below]
Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and
December 31. They are issued at $508,050 when the market rate is 12%.
Problem 14-4A (Algo) Part 3
3. Prepare a straight-line amortization table for the bonds' first two years.
Note: Round your intermediate and final answers to the nearest whole dollar.
Semiannual Period-End
Unamortized
Discount
Carrying Value
01/01/2021
06/30/2021
12/31/2021
06/30/2022
12/31/2022](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1fedb9ba-81d9-481c-99ce-7bb97eef142f%2F8ecf0f1c-185c-47f2-8beb-8e26bc3069da%2F3q98ej8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Problem 14-4A (Algo) Straight-Line: Amortization of bond discount LO P2
[The following information applies to the questions displayed below]
Legacy issues $570,000 of 8.5%, four-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and
December 31. They are issued at $508,050 when the market rate is 12%.
Problem 14-4A (Algo) Part 3
3. Prepare a straight-line amortization table for the bonds' first two years.
Note: Round your intermediate and final answers to the nearest whole dollar.
Semiannual Period-End
Unamortized
Discount
Carrying Value
01/01/2021
06/30/2021
12/31/2021
06/30/2022
12/31/2022
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