Question
how can I know the monthly interest different, how can I get that number? I don't know how to get the interest expense after the
how can I know the monthly interest different, how can I get that number? I don't know how to get the interest expense after the first month.
On July 1, 2021, Sheridan Corp. issued $3,770,000 of 10-year, 5% bonds at $4,078,225. This price resulted in a 4% market interest rate on the bonds. The bonds pay semi-annual interest on July 1 and January 1, and Sheridan has a December 31 year end.
SHERIDAN CORP. Bond Premium Amortization Table Effective Interest MethodSemi-Annual Interest Payments 5% Bonds Issued at market rate of 4%
I want to know the calculation of the interest expense for July 1, 2021 Jan 1, 2022, July 1, 2022, Jan 1, 2023 July 1, 2024 Jan 1
Thanks
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