On march 1, 2020 Karah co. issued $500,000 of 6% bonds that are due in 5 years. It will be paid semi-annually on March 1 and September 1. The company follows IFRS and uses the effective rate method with an effective rate of 5%

Required. Complete the bond amortization table for the first two interest payments. Round interest expense to the nearest whole dollar (0 decimals) using the ROUND formula. State all amounts in positive numbers.

Bond Issue Price		Premium or Discount?
n
PMT
i/y
FV
PV

Please fill in the answers on blue cells. Thanks

Interest expense Interest payment Amortization amount Carrying value Date 01-Mar-20 01-Sep-20 01-Mar-21