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217-6 E17-6 Using an amortization table (L.O. 2, 3, 5) Several years ago Garza Corporation issued bonds having a maturity value of $100,000. A partial
217-6 E17-6 Using an amortization table (L.O. 2, 3, 5) Several years ago Garza Corporation issued bonds having a maturity value of $100,000. A partial amortization table revealed the following: Interest Interest Amount Date Expense Paid Unamortized Carrying Value 6/30/X8 12/31/X8 $4,912 4,932 $4,500 $1,361 $98,639 ? 4,500 929 99,071 a Prepare the balance sheet disclosure for the bonds as of December 31, 19X8. b Compute the amount of amortization for the six-month penod ended December 31, 1988.432. c What is the effective interest rate for these bonds
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