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Calculations Marketing Inc. issued 10.5% bonds with a par value of $410,000 and a five-year life on January 1, 2020, for $417,914. The bonds pay
Calculations Marketing Inc. issued 10.5% bonds with a par value of $410,000 and a five-year life on January 1, 2020, for $417,914. The bonds pay interest on June 30 and December 31. The market interest rate was 10% on the original issue date. Use TABLE 14A.1 and TABLE 14A.2. (Use appropriate factor(s) from the tables provided.) 2. Prepare an amortization table using the effective interest method. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) Answer is not complete. Carrying Value Cash Period Premium Interest Interest Unamortized Paid Expense Amort. premium $ 0$ 0$ 0$ 0 % 21,525 20,896 629 21,525 20,864 661 21,525 20,831 694 21,525 20,797 728 Period Ending Jan. 1/20 June 30/20 Dec. 31/20 June 30/21 Dec. 31/21 June 30/22 Dec 31/22 June 30/23 Dec. 31/23 June 30/24 Dec 31/24 Totals 21,525 20,760 765 21,525 20,722 803 21,525 20,682 843 21,525 20,640 885 21,525 20,595 930 20,549 976 (976) (976) 21,525 $ 215,250 $ 207,336 $ 7,914
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