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can someone answer this two question? Premiere Autoparts nc. issued $130 000 o 3%, 10-year bonds at a p ce o 85 on January 31
can someone answer this two question?
Premiere Autoparts nc. issued $130 000 o 3%, 10-year bonds at a p ce o 85 on January 31 2017. The market interest ate at he date issuance was 6%. and he standard bond pa interest se mi annually. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. 2. Record Premiere's issuance of the bonds on January 31,2017, and payment of the first semi-annual interest amount and amortization of the bonds on July 31. 2017. Explanations are not required. 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.) Premiere Autoparts Amortization Table Interest Payment (1.5% of Intorest Expense (3% of Precoding Bond Bond Bond Discount Amortization (B - Bond Discount Semi-annual Account Balance CarryingAmount A) Preceding D -C) ($130,000 D) Jan 31, 2017 July 31, 2017 Jan 31, 2018 July 31, 2018Step by Step Solution
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