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On November 1, 2020. Yardley Distributors Inc issued a $745,000, 8% two year bond Interest is to be paid semiannually each May 1 and November
On November 1, 2020. Yardley Distributors Inc issued a $745,000, 8% two year bond Interest is to be paid semiannually each May 1 and November 1 Use TABLE 1441 and IAR EA 23. Note tuse table values for PV calculations (Use appropriate factor(s) from the tables provided) Required a. Calculate the issue price of the bond assuming a market interest rate of 10% on the date of the bond issue (Do not round intermediate calculations. Round the final answer to the nearest whole dollar, Enter all the amounts as positive values.) pred Issue price of the bond TI ences b. Using the effective interest method, prepare an amortization schedule. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Cash Interest Paid Period interest Expense Discount Amortization Unamortized Discount Carrying Value Period Ending No 1120 May 21 Nov 1121 May 1122 Nov 1/22 Tocats 0 $ o$ 0 $ pray 6 at 11 HI May
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