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Bonds Issued at a Premium ( Effective Interest ) Haley Industries issued $ 1 3 0 , 0 0 0 of 1 0 % ,
Bonds Issued at a Premium Effective Interest
Haley Industries issued $ of year bonds on January with a $ premium. Interest is paid annually on December The market rate of interest is
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below.
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Prepare the amortization table using the effective interest rate method. Round interest expense to a dollar and round final year interest expense amount to complete the amortization.
Haley Industries
Amortization Table
tablePeriodtableCash PaymentCredittableInterest ExpenseDebittablePremium on BondsPayable DebittablePremium on BondsPayable BalanceCarrying ValueAt issue,,,,$$
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