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On January 1 of this year, Houston Company issued a bond with a face value of $ 1 3 , 0 0 0 and a
On January of this year, Houston Company issued a bond with a face value of $ and a coupon rate of percent. The bond matures in years and pays interest every December When the bond was issued, the annual market rate of interest was percent. Houston uses the effectiveinterest amortization method. FV of $ PV of $ FVA of $ and PVA of $
Note: Use appropriate factors from the tables provided.
Required:
Complete a bond amortization schedule for all three years of the bond's life.
What amounts will be reported on the income statement and balance sheet at the end of Year and Year
Complete this question by entering your answers in the tabs below.
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Complete a bond amortization schedule for all three years of the bond's life.
Note: Enter all values as positive values. Round your intermediate calculations and final answers to whole dollars.
tableDateCash Interest,tableInterestExpenseAmortization,tableBook Value ofBondJanuary Year December Year December Year December Year
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