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January 1, Year 1 $63,062 - Balance End of Year 1 $4340 - Cash $4099 - Interest $241 - Amortization $62821 - Balance End of
January 1, Year 1 | $63,062 - Balance | |||
End of Year 1 | $4340 - Cash | $4099 - Interest | $241 - Amortization | $62821 - Balance |
End of Year 2 | ? | ? | ? | $62564 - Balance |
End of Year 3 | ? | ? | 273 | ? |
End of Year 4 | ? | 4,049 | ? | 62000 - Balance |
On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds 4009 Required 1. Complete the amortization schedule. (Enter all your values in positive. Round your final answers to nearest whole dollar amount.) Check my work 2. 2. When the bonds mature at the end of Year 4 what amount of principal will Olive pay investors
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