Bonds and amortization table -Homework problem:

ABC Corp. issued $8,000,000 of 8% debentures on January 1, 2023. The bonds pay

interest semiannually on July 1 and January 1. The maturity date on these bonds is

January 1, 2031. The firm uses the effective-interest method of amortizing

discounts and premiums. The bonds were sold to yield an effective interest rate of

10%.

Required: Prepare the amortization table.

please include an excel table

x. 4-Bonds and amortization table-Homework problem: ABC Corp. issued $8,000,000 of 8% debentures on January 1,2023 . The bonds pay interest semiannually on July 1 and January 1 . The maturity date on these bonds is January 1, 2031. The firm uses the effective-interest method of amortizing discounts and premiums. The bonds were sold to yield an effective interest rate of 10%. Required: Prepare the amortization table. During the test, I will provide additional instructions