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On January 1, 2021, Sandhill Satellites issued $1,290,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Sandhill has
On January 1, 2021, Sandhill Satellites issued $1,290,000, 10-year bonds. The bonds pay semi-annual interest on July 1 and January 1, and Sandhill has a December 31 year end. A partial bond amortization schedule is presented below: Semi-Annual Interest Period Interest Interest Payment Expense Bond Amortization Amortized Cost Jan. 1, 2021 $1,198,330 July 1, 2021 $[1] $[2] $3,242 1,201,572 Jan. 1, 2022 38,700 42,055 3.355 1,204,927 July 1, 2022 38,700 42.172 [3] 1,208,399 Jan. 1, 2023 38,700 42.294 [4] 151 July 1,2023 38.700 42,420 3,720 1,215,713 Jan. 1, 2024 38,700 42.550 3,850 1.219.563
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