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ne On January 2, 2020, Trint Industries Inc. issued $4,300,000 of 4.5 percent, 5-year bonds when the market interest rate was 6 percent Trint Industries

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ne On January 2, 2020, Trint Industries Inc. issued $4,300,000 of 4.5 percent, 5-year bonds when the market interest rate was 6 percent Trint Industries pays interest annually on December 31. The issue price of the bonds was $4,028,303. Required Prepare a schedule to amortize the discount on these bonds. Use the effective-interest method of amortization. Prepare the schedule below to amortize the bonds. (The discount amortization for 2024 may need to be altered slightly in order for the discount balance and bond carrying amount to be correct. This is due to rounding. Round all amounts to the nearest whole dollar. If an account balance is zero, please enter "0".) or B D E urd F 4.5 % 6% Interest Interest Payment Expense Unamortized Discount Balance Discount Amortization ote Bond Carrying Amount (1 y Date Jan. 2 2020 Dec. 31 2020 Non 24 (3) po Fnter annum uusties pays interest annually on December 31. The issue price of the bonds was 54,028,303. Required Prepare a schedule to amortize the discount on these bonds. Use the effective interest method of amortization. Unamortized Bond 4.5 % 6% Interest Interest Payment Expense Discount Discount Carrying Amount Amortization Balance ons Date Jan. 2. 2020 Dec 31, 2020 Dec 31, 2021 Dec. 31, 2022 Dec. 31. 2023 Dec. 31, 2024 11.4 (3/3) (0/4 Enter any number in the edit fields and then click Check Answer. ? All parts

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