15A REMAINING CALC. 1 2 3 4 5 6 EXCEL AUTH. LIT. OVERVIEW Scroll down to complete all parts of this task. On October 1, Year 1, Seoma Co. issued 10%, $500,000 face amount, 5-year bonds maturing on January 1, Year 6, for $527,500. The interest is payable annually on January 1. To issue the bonds, Seoma paid legal and consulting fees of $15,300. Answer Seoma amortizes any discount or premium on bonds using the effective interest method and debt issue costs using the straight-line method.

Scroll down to complete all parts of this task. On October 1, Year 1, Seoma Co. Issued 10\%, \$500,000 face amount, 5-year bonds maturing on January 1, Year 6 , for $527,500. The interest is payable annually on January 1 . To issue the bonds, Seoma paid legal and consulting fees of $15,300. Seoma amortizes any discount or premium on bonds using the effective interest method and debt issue costs using the straight-line method