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How is the amortization for Premium On Bond payable issued in 07/01/2005 ,30 years , face value 10,000,000, cash $10,312,759. Stated Rate 5.97% Market Rate
How is the amortization for Premium On Bond payable issued in 07/01/2005 ,30 years , face value 10,000,000, cash $10,312,759. Stated Rate 5.97% Market Rate 5.75%, Paid interest semiannually on Dec 31 and June 30 . please help me with table of amortization. Prepare table amortization . make Journal entries for issuing, interest , and make journal entries for retirement of bonds end of 2019, (after 15 years) JE for interest, and Repurchase bonds in June 2020 for $3 million
Date Amortized Amount Interest Premium Carrying Value
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