Coney Island Entertainment issues $1,100,000 of 5% bonds, due in 20 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:

A)

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 ?

1/1 - Cash Paid - Interest Expense - Increase in Carrying Value - Carrying Value

6/30 - Cash Paid - Interest Expense - Increase in Carrying Value - Carrying Value

12/31 - Cash Paid - Interest Expense - Increase in Carrying Value - Carrying Value

B)

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?

.

C) The market interest rate is 4% 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 ? 1/1 - Cash Paid - Interest Expense - Increase in Carrying Value - Carrying Value 6/30 - Cash Paid - Interest Expense - Increase in Carrying Value - Carrying Value 12/31 - Cash Paid - Interest Expense - Increase in Carrying Value - Carrying Value