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On July 1, 2020 Larkspur Limited issued bonds with a face value of $910,000 due in 20 years, paying interest at a face rate

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On July 1, 2020 Larkspur Limited issued bonds with a face value of $910,000 due in 20 years, paying interest at a face rate of 10% on January 1 and July 1 each year. The bonds were issued to yield 11%. The company's year-end was September 30. The company used the effective interest method of amortization. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Using 1. factor Tables 2. a financial calculator, or 3. Excel function PV, calculate the premium or discount on the bonds. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g. 5,275.) Discount on bond $ Prepare a partial Bond Premium/Discount Amortization Schedule for Larkspur Limited. Only prepare the entries in the schedule for July 1, 2020, January 1, 2021, and July 1, 2021. (Round answers to O decimal places, e.g. 5,275.) Date 1-Jul-20 1-Jan-21 Cash Paid 60 Interest Expense 69 Amortized

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