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ano issues $1,000,000 of 6%, 2-tar bonds dated December 31, 2020 that pay inte and December 31. The bonds are issued at a price of
ano issues $1,000,000 of 6%, 2-tar bonds dated December 31, 2020 that pay inte and December 31. The bonds are issued at a price of $1,036,304 You do not need to provide en journal entries a. Calculate the premium on the bond issuance b. Prepare the entry to record bond issuance on December 31, 2020: C. How much of the premium should be amortized each interest pericid? d. Calculate the interest paid to the bondholders every 6 months: e. Prepare the entry to record the interest payments on each June 30 and December 31: Complete the following bond amortization schedule: Bond Carrying Value Unamortized Premium Semi-annual Period end 0 12/31/20 1 6/30/21 2 12/31/21 3 6/30/22 4 12/31/22 repare the entry to record maturity and payment of bonds on December 31, 2022
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