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On December 31, 2024, when the market interest rate is 16%, Lee Realty issues $700,000 of 14.25%, 10-year bonds payable. The bonds pay interest
On December 31, 2024, when the market interest rate is 16%, Lee Realty issues $700,000 of 14.25%, 10-year bonds payable. The bonds pay interest semiannually. The present value of the bonds at issuance is 3640,173 Requirements 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest penods. (Round to the nearest dollar) 2 thing the amortization table prepared in Requirement 1, journalize issuance of the bonds and the first two interest payments Requirement 1. Prepare an amortization table using the effective interest amortization method for the first two semiannual interest penods (Round to the nearest dollar) Interest Carrying Cash Paid Expense Amortized Amount 12010004 05/302025 12/01/2025
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