Question
On June 30, 2020, the market interest rate is 24% Castlegar Enterprises issues $535,000 of 3.4%, 14-year bonds at 118.369 The bonds pay interest
On June 30, 2020, the market interest rate is 24% Castlegar Enterprises issues $535,000 of 3.4%, 14-year bonds at 118.369 The bonds pay interest on June 30 and December 31 Castlegar amortizes bonds by the effective interest method Requirements 1. Prepare a bond amortization table for the first four sem annual interest penods 2. Record issuance of the bonds on June 30, 2020, the payment of interest at December 31, 2020, and the semi-annual interest payment on June 30, 2021 Requirement 1. Prepare a bond amortization table for the first four semi annual interest periods. (Round your answers to the nearest whole dollar.) Semi-Annual Interest Date B Castlegar Enterprises Amortization Table C Premium Interest Payment Interest Expense (1.2% of (1.7% of Maturity Preceding Bond Carrying Amortization Value) Amount) (A B D Premium Account Bond Carrying Amount Balance (DC) ($535,000 D) June 30, 2020 Dec. 31, 2020 June 30, 2021 Dec. 31, 2021 Time fams
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