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Legacy issues $580,000 of 8.0%, four-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. They are issued at
Legacy issues $580,000 of 8.0%, four-year bonds dated January 1, 2013, that pay interest semiannually on June 30 and December 31. They are issued at $507,959 and their market rate is 12% at the issue date.
3. Prepare an effective interest amortization table for the bonds' first two years. Semiannual Interest Period-End Cash Interest Paid Bond Interest Expense Discount Unamortized Carrying Value Amortization Discount 01/01/2013 06/30/2013 12/31/2013 06/30/2014 12/31/2014
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