Exercise 14-9 Amortization table and accrued interest L05 Sweetfish Corp. issued bonds with a par value of $820,000 and a five-year life on May 1 2020 The contract interest rate is 7. The bonds pay interest on October 31 and April 30. They were issued at a price of $803164 when the market interest rate was 755 SweetFish Corp's year-endis December 31 a. Prepare an amortization table for these bonds that covers their entire life. Use the effective interest method of allocating interest (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Period Ending May 120 Oct 31/20 Apr 30/21 Oct 3121 Apr 30/22 Od3122 Cash Interest Period interest Discount Unamortized Paid Expense Amortization Discount Carrying Value ols ops ors 16.30 803, 160 20.700 30,119 1.419 15.417 804 583 28,700 1472 13.906 806054 28.700 30.227 1,527 12418 807502 28.700 30,234 10834 809.100 28,700 30 31 1,640 9.190 810 810 28.700 30.4061 17051 7.485 812515 Apr 30/23 to search O i 9 SING 20-05-2020 4 4- + A 2 3 $ 4 5 6 7 8 9 - W E R T Y O P S D F G H K K ? V B N M M Microso includes Office BONDS AND CASH FLOW Help Save & Exit Sub 30.172 Period Ending May 1/20 Oct 31/20 Apr 30/21 Oct 3121 Apr 30/22 Oct 31/22 Apr 30/23 Oct 31/23 Apr 30/124 Oct 31/24 Apr 30725 Totals Cash Interest Period Interest Discount Unamortized Paid Expense Amortization Discount Carrying Value S of $ ops ors 16,836 $ 803 164 28.700 30.1191 1,419 15.417 804,583 28.700 1472 13.946 806,054 28,700 30.227 1,527 12.418 807.582 28.700 30 284 1584 10,834 809.106 28.700 30,3441 1,666 9.190 810,810 28,700 30,405 1.705 7,485 812.515 28.700 30.409 1.700 5,716 814,284 28.700 30,536 1.836 3,880 816,120 28.700 30,000 1.900 1976 818.024 28,700 30.670 1.976 ol 820,000 $ 287,000 $ 16.306 to search O ** GENG 1450 20-08-2012 4. # 3 $ 4 26 5 6 & 7 00 9 w E R T Y U O S D F G H K. L V B N M M X 1 Record the payment of interest. 2 Record the accrual of interest 3 cord the payment of interest. it Credit Note: - journal entry has been entered Record entry Clear entry View general journal search O EL & 3 4 5 5 6 7 8 9 O V E E R. T T Y U P Journal entry worksheet search O BE hp # 3. 4 % 5 CO & 7 8 9 E E R T U O P