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Banjo Education Corp. issued a 4%, $200,000 bond that pays interest semiannually each June 30 and December 31. The date of issuance was January 1,
Banjo Education Corp. issued a 4%, $200,000 bond that pays interest semiannually each June 30 and December 31. The date of issuance was January 1, 2020. The bonds mature after four years. The market interest rate was 6%. Banjo Education Corp.s year-end is December 31. Use TABLE 14A.1 and TABLE 14A.2. (For all the requirements, Use appropriate factor(s) from the tables provided.) 4. Prepare the first two years of an amortization table based on the effective interest method. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Period Ending Cash Interest Paid Period Interest Expense Discount Amort. Unamortized Discount Carrying Value Jan. 1/20 June 30/20 Dec. 31/20 June 30/21 Dec. 31/21
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