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Effective interest Amertization On December 31 , Casper, inc, issued $300,000 of eight pertem, tenyear bonds for 5262,613 , yelding an effective interest rate of

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Effective interest Amertization On December 31 , Casper, inc, issued $300,000 of eight pertem, tenyear bonds for 5262,613 , yelding an effective interest rate of ten percent, Semiannual interest is payable on June 30 and Decembor 31 exch year-The firm uses the eflective interest method to amortire the discount Required a. Prepare an amortization schedule stvawing the mecessary information for the first two interest periods gound amouints to the nearest dollar 6. Prepare the journal entry lor the bond istuance on December 31 c. Frepare the joumal entry to record the bond interest payment and discoint amortiation at june to of the foliomng year. a Erepore the jourmal enory to record the bond interest payment and discoum amortiation at Decenber 31 of the foliowing year

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