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Carla Vista Ltd. issued $0.90 million of 5-year, 4% bonds dated May 1, 2021, for $941,500 when the market interest rate was 3%. Interest is

Carla Vista Ltd. issued $0.90 million of 5-year, 4% bonds dated May 1, 2021, for $941,500 when the market interest rate was 3%. Interest is paid semi-annually on May 1 and November 1. Prepare an amortization schedule for the first three interest payments. (Round answers to 0 decimal places, e.g. 5,275.)

INSIDE LTD. Bond Premium Amortization Table Effective Interest MethodSemi-Annual Interest Payments 4% Bonds Issued at market rate of 3%
Date Interest Payment Interest Expense Premium Amortization Bond Amortized Cost
May 1, 2021 $ $ $ $
Nov. 1, 2021
May 1, 2022
Nov. 1, 2022

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