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Nash Co. sells $528,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date
Nash Co. sells $528,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2023. The bonds yield 12%. Give entries through December 31, 2021. Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. Amortize premium or discount on interest dates and at year-end. (Round answers to O decimal places, e.g. 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Carry Cash Interest Discount Amou Date Paid Expense Amortized Bon 3/1/20 $ $ $ $ 9/1/20 3/1/21 9/1/21 3/1/22 9/1/22 3/1/23 9/1/23
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