1b?

On July 1, 2020 Flint Limited issued bonds with a face value of $1,050,000 due in 20 years, paying interest at a face rate of 7% on January 1 and July 1 each year. The bonds were issued to yield 8%. The company's year-end was September 30. The company used the effective interest method of amortization. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Your answer is correct. Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the premium or discount on the bonds. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places, eg. 5,275.) Discount on bond $ 103911 i e Textbook and Media Assistance Used List of Accounts Attempts: 2 of 15 used Thill (b) Prepare a partial Bond Premium/Discount Amortization Schedule for Flint Limited. Only prepare the entries in the schedule for July 1, 2020, January 1, 2021, and July 1, 2021. (Round answers to decimal places, e.g. 5,275.) Date Cash Paid Interest Expense Amortized $ 1-Jul-20 $ $ 1-Jan-21 1-Jul-21 (b) Prepare a partial Bond Premium/Discount Amortization Schedule for Flint Limited. Only prepare the entries in the schedule for July 1.2020. January 1, 2021, and July 1, 2021. (Round answers to O decimal places, eg. 5,275.) Cash Paid Interest Expense Carrying Amount Discount Premium $ $ $