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On July 1, 2024, Concord Satellites Corporation issued $1,400,000 of 10-year, 5% bonds to yield a market interest rate of 4%. The bonds pay
On July 1, 2024, Concord Satellites Corporation issued $1,400,000 of 10-year, 5% bonds to yield a market interest rate of 4%. The bonds pay semi-annual interest on July 1 and January 1. Concord has a December 31 year end and records adjusting entries annually. Concord received $1,514,458 when issuing the bonds. Click here to view the factor table. (a) Prepare an amortization table through January 1, 2026 (three interest periods) for this bond issue. (Round answers to O decimal places, e.g. 5,275.) Semi- Annual Interest Periods July 1/24 Jan. 1/25 July 1/25 Jan. 1/26 $ CONCORD SATELLITES CORPORATION Bond Premium Amortization Interest to be Paid Interest Expense to be Recorded Premium Amortization 6A $ $ $ Una Pr Prepare an amortization table through January 1, 2026 (three interest periods) for this bond issue. (Round answers to O decimal places, e.g. 5,275.) CONCORD SATELLITES CORPORATION Bond Premium Amortization Interest Expense to be Recorded Premium Amortization $ 69 $ Unamortized Premium $ Bond Carrying Amount
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