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1. Complete a bond payment schedule. Use the effective-interest amortization method. Shuttle Company issued $1,750,000, three-year, 5 percent bonds on January 1, year 1. The
1. Complete a bond payment schedule. Use the effective-interest amortization method. Shuttle Company issued $1,750,000, three-year, 5 percent bonds on January 1, year 1. The bond interest is paid each December 31, the end of the company's fiscal year. The bond was sold to yield 4 percent. Use Table 9C.1. Table 90.2. (Round time value factor to 4 decimal places.) Required: 1. Complete a bond payment schedule. Use the effective-interest amortization method. (Make sure that the unamortized discount/premium equals to 'O' and the Net Libility equals to face value of the bond in the last period. Interest expense in the last period should be calculated as Cash Interest (+) discount/(-) premium amortized. Round intermediate and final answers to the nearest whole dollar) Bond Payment Schedule interest Amortization Cash Payment Expense of Premium Date Carrying Amount 1/1/year 1 12/31/year 1 12/31/year 2 12/31 year a
1. Complete a bond payment schedule. Use the effective-interest amortization method.
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