Christmas Anytime issues $710,000 of 5% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year.

Calculate the issue price of a bond and complete the first three rows of an amortization schedule when:

1. The market interest rate is 5% and the bonds issue at face amount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)

	Issue price

Date	Cash Paid	Interest Expense	Increase in Carrying Value	Carrying Value
01/01/18
06/30/18
12/31/18

2.The market interest rate is 6% and the bonds issue at a discount. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)

	Issue price

Date	Cash Paid	Interest Expense	Increase in Carrying Value	Carrying Value
01/01/18
06/30/18
12/31/18

3. The market interest rate is 4% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.)

	Issue price

Date	Cash Paid	Interest Expense	Decrease in Carrying Value	Carrying Value
01/01/18
06/30/18
12/31/18