Preparing a Bond Amortization Table (Straight Line)}

St. Cloud Manufacturing Inc. issued five-year, \(9.2 \%\) bonds with a total face value of \(\$ 500,000\) on December 31, 2018, for \(\$ 484,000\). The bonds pay interest on June 30 and December 31 of each year.

Required:

1. Prepare an amortization table (use straight line method).

2. Prepare the entries to recognize the bond issuance and the interest payments made on June 30. 2019. and December 31. 2019 .

OBJECTIVE 4

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