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On January 1, 2016, Bobcat company sold 12% bonds having a maturity value of $600,000 for $645, 489, with a 10% yield. The bonds are

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On January 1, 2016, Bobcat company sold 12% bonds having a maturity value of $600,000 for $645, 489, with a 10% yield. The bonds are dated January 1, 2016 and mature 1, 2021 (5 year term), with interest payable December 31 each year. Bobcat allocates Interest and unamortized discount or premium on the effective-interest basis. Instructions Prepare a complete bond amortization schedule for Bobcat using the Excel template on the following tab

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