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Before you begin, print out all the pages in this workbook. Otter Products Inc. issued bonds on January 1, 2019. Interest is to be paid
Before you begin, print out all the pages in this workbook. Otter Products Inc. issued bonds on January 1, 2019. Interest is to be paid information is as follows: Term in years: Face value of bonds issued: Issue price: Specified interest rate each payment period: Required: 1 Calculate: a. The amount of interest paid in cash every payment period. b. The amount of amortization to be recorded at each interest payment da line method). 2 Complete this amortization table by calculating interest expense, and begi bond carrying amounts at the end of each period over three years. Amortization Table A B C D Beg. Actual Period bond Periodic cash discou Period carrying interest interest (prem Year ending amount expense paid amor 2019 Jun. 30 Dec. 31 2020 Jun. 30 Dec. 31 2021 Jun. 30 Dec. 31
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