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need really fast On December 31,2024 , when the market interest rate is 8%, Tmmoey Resty issues 5600,000 of 5.25%,10-year bonds payable. The bonds pay
need really fast
On December 31,2024 , when the market interest rate is 8%, Tmmoey Resty issues 5600,000 of 5.25%,10-year bonds payable. The bonds pay interest secmiannualiy. The present value of the bonds at issuanco is $650,190. Requirements 1. Prepare an emortization table using the efective interest enortzation method for the firat two secriannual interest periods. (Pound to the nearest dollat) 2. Using the amoctization table ptepared in Requitement 1, journalize issusnce of the bonds and the frest two interest paythents. Requirement 1. Prepare an amortization tacio using the effective interest amortization mwthod for the first wo semiannual interest penods. (Round to the nearest dollar.) on the Last line of the journal entry. Round yout answers to the nearest whole dollae) Start by journalizing the issuahice of the bonds on December 31, 2024 \begin{tabular}{l} Date \\ \hline 2025 \\ Jun. 30 \end{tabular} Step by Step Solution
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