ch 13 L/T Liabilities Part 1 Question 4 (Part B)

Current Attempt in Progress Robert Williams Company sells 9% bonds having a maturity value of $1,410,000 for $1,356.548.00. The bonds are dated January 1 , 2025, and mature January 1, 2030. Interest is payable annually on January 1. (a) Your answer is correct. Determine the effective-interest rate. (Round present value factor to 5 decimal ploces, eg. 1.25124 and final answer to 0 decimal places, e.g. 18\%.) The effective-interest rate % Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, eg. 1.25124 and final answer to 2 decimal places, es. 38,548.25.)