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Assume that on December 31, 2018, when the market interest rate is 8%, Benson Realty Company issues S650,000 of 5.25%, 10-year bonds. Assume interest is
Assume that on December 31, 2018, when the market interest rate is 8%, Benson Realty Company issues S650,000 of 5.25%, 10-year bonds. Assume interest is paid each June 30th and December 31st. The bonds were issued for $528,279. The company uses the effective-interest amortization method. Complete the following table. (Round amounts to the nearest whole dollar.) Carrying Interest Cash Paid Amortized Expense Amount 12/31/2018 06/30/2019 12/31/2019
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