Question
Huskey Mining Corporation issued bonds with a par value of $102,000 on January 1, 2020. The annual contract rate on the bonds is 14.00%, and
Huskey Mining Corporation issued bonds with a par value of $102,000 on January 1, 2020. The annual contract rate on the bonds is 14.00%, and the interest is paid semi-annually. The bonds mature after three years. The annual market interest rate at the date of issuance was 16.00%, and the bonds were sold for $97,285.
c. Present an amortization table for these bonds; use the effective interest method of allocating the interest and amortizing the discount. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.)
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