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Berj Corporation issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, year 1.
Berj Corporation issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, year 1. Interest is payable at the end of each year. The bonds mature at the end of four years. The following schedule has been partially completed (amounts in thousands): Carrying Amount Interest Cash Paid Expense Amortization January 1, year 1 December 31, year 1 December 31, year 2 $4,681 $253 $234 $ 19 4,662 253 ? ? 4,642 December 31, year 3 253 ? ? December 31, year 4 253 ? ? ? 4,600 Required: 1. Complete the amortization schedule. (Make sure that the unamortized discount/premium equals to '0' and the Net Liability equals to face value of the bond in the last period. Enter your answers in thousands of dollars. Round intermediate calculations and final answers to the nearest whole dollars. Enter all amounts as positive values.) Answer is complete but not entirely correct. Cash Date January 1, year 1 Paid Interest Expense Amortization Carrying Amount $ 4,681 December 31, year 1 $ 253 $ 234 S 19 4,662 December 31, year 2 253 233 16 4,642 December 31, year 3 253 232 11 x 4,622 December 31, year 4 253 230 7 4,600 2. What was the maturity amount of the bonds? (Enter your answer in thousands of dollars.) Maturity amount Answer is not complete. 3. How much cash was received at the date of issuance (sale) of the bonds? (Enter your answer in thousands of dollars.) Cash received
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