Hello,

I need help with this question. Weiss Corporation issued $600,000 of 10%, 20-year bonds at 106 on January 1, 2012. Interest is payable semiannually on June 30 and December 31. Through January 1, 2017, Weiss amortized $10,000 of the bond premium. On January 1, 2017, Weiss retired the bonds at 103. Use the financial statement effects template to illustrate the bond retirement at January 1, 2017. Please compute Issue price of bond, Premium of bond payable, Semiannual interest payments, Premium amortization semiannually, Interest expense, and Net book value of bond at retirement. Please, show how you calculated.