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January 15 2016 and were The Mariner Company, a calendar-year corporation, issued $500,000 of $1.000 so bonds at a price generating a 4% yield. The

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January 15 2016 and were The Mariner Company, a calendar-year corporation, issued $500,000 of $1.000 so bonds at a price generating a 4% yield. The bonds were dated January 15 2016 issued that day. The bonds mature January 15 2026. The bonds pay interest Semi annually on July 15 and January 1st of each year. 1. Using the straight-line method of amortization and the effective interest ra method of amortization prepare an amortization schedule for the bonds listin a. Date - semiannual interest payment date. b. Cash paid for the period. c. Interest Expense for the period. d. Amortization of any premium or discount for the period e. Unamortized premium or discount at the end of the period. f. Ending carrying value 2. Using the effective interest rate method, prepare an amortization schedule listing the same items in #1, a-f. 3. Assume the yield is 6 % in the problem above. Prepare an amortization schedule for the bonds, list the same information in question 1, "a f" under the straight- line method of amortization. 4. Assume the yield is 6% in the problem above. Prepare an amortization schedule for the bonds, listed in question 1, "a f"under the effective interest rate method of amortization. 5. Using a market rate of 6% and straight-line amortization, what is the journal entry if the bonds are retired on December 31, 2020 for 102? Assume any bond interest at December 31, 2020 has already been paid

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