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do it fast..! Score: 0 of 8 pts 6 of 6 (0 complete) E7-26 (similar to) Colwood General Stores Inc is authorized to issue $580,000
do it fast..! Score: 0 of 8 pts 6 of 6 (0 complete) E7-26 (similar to) Colwood General Stores Inc is authorized to issue $580,000 of 8.8%, 10-year bonds On December 31, 2020, when the market interest rate is 9.8%, theo by the effective interest method. The semi-annual interest dates are January 31 and July 31 Requirements 1. Prepare a bond amortization table for the first four semi-annual interest periods 2. Record issuance of the bonds on December 31, 2020, and the semi-annual interest payments on January 31, 2021, and July 31, 2021 Requirement 1. Prepare a bond amortization table for the first four semi-annual interest periods (Round the amounts to the nearest dollar) Colwood General Stores Inc. D E Interest Amortization Table B Interest Expense (4.9% of Discount Preceding Bond Amortation Carrying amount) (8-A) Discount Account Semi-Annual Interest Date Payment (4.4% of Face Value) Balance (0.0 Bond Carrying Amount (5464,000-D) Dec 31 2020 Etter any number in the edit folds and then click Check Answer 7 put Clear All Question Help 320, when the market interest rate is 9.8%, the company issues $464,000 of the bonds and receives cash of $432,286 Colwood General amortizes bonds muary 31, 2021, and July 31 the amounts to the nearest dollar.) E Bond Carrylic Amount (5464 000-D)
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