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last collum is bond carrying amount Metlock Electronics Ltd, issued $690,000 of 15 -year, 6.0% bonds on January 1,2025 , when the market interest rate
last collum is bond carrying amount
Metlock Electronics Ltd, issued $690,000 of 15 -year, 6.0% bonds on January 1,2025 , when the market interest rate was 5.0%. The cash received at the issuance of the bond was $762,209.51. Interest is payable semi-annually on July 1 and January 1 . Metlock has a December 31 year end. (a) Prepare a bond amortization schedule for the first four interest periods, using the effective-interest method. (Round answers to 2 decimal places, es. 15.75.) Step by Step Solution
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