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On June 30, 2020, the market interest rate is 5.1%. Enderby Enterprises issues $510,000 of 6.1%, 14-year bonds at 112.838. The bonds pay interest
On June 30, 2020, the market interest rate is 5.1%. Enderby Enterprises issues $510,000 of 6.1%, 14-year bonds at 112.838. The bonds pay interest on June 30 and December 31. Enderby amortizes bonds by the effective-interest method. Requirements 1. Prepare a bond amortization table for the first four semi-annual interest periods. 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.) Enderby Enterprises Amortization Table A Interest B C E Interest Expense Semi-Annual Interest Date Payment (3.05% of Maturity Value) (2.55% of Preceding Bond Carrying Amount) Premium Amortization Premium Account Bond Carrying Balance (A-B) (D-C) Amount ($510,000+D) Enter any number in the edit fields and then click Check Answer. parts Clear All Check Answer 10:57 PM
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