2. Analyzing and Reporting Financial Statement Effects of Discount Bond Transactions Assume that on January 1, Xfinity issues $500,000 of 5-year, 8% coupon bonds payable, yielding an effective annual interest rate of 10%. Interest is payable semiannually on June 30 and December 31. A) Compute the issue price, bond discount, and the periodic coupon interest. B) Prepare an amortization table for the bonds for the five years. Amortization table for the discount bonds for the five years 0 1 2 3 4 5 6 7 8 9 10 Total Interest Expense Coupon Interest Premium Amortization Premium Balance $38,609 Bond Payable, Net $461,391 2. Analyzing and Reporting Financial Statement Effects of Discount Bond Transactions Assume that on January 1, Xfinity issues $500,000 of 5-year, 8% coupon bonds payable, yielding an effective annual interest rate of 10%. Interest is payable semiannually on June 30 and December 31. A) Compute the issue price, bond discount, and the periodic coupon interest. B) Prepare an amortization table for the bonds for the five years. Amortization table for the discount bonds for the five years 0 1 2 3 4 5 6 7 8 9 10 Total Interest Expense Coupon Interest Premium Amortization Premium Balance $38,609 Bond Payable, Net $461,391