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On November 1, 2020, Yardley Distributors Inc. issued a $750,000, 10%, two-year bond. Interest is to be paid semiannually each May 1 and November 1.
On November 1, 2020, Yardley Distributors Inc. issued a $750,000, 10%, two-year bond. Interest is to be paid semiannually each May 1 and November 1. (Use TABLE 14A.1 and TABLE 14A.2.). Note: Use table values for PV calculations. (Use appropriate factor(s) from the tables provided.)
1 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.) 01:32:14 Cash Interest Paid Period interest Expense Discount Amortization Unamortized Discount Carrying Value Period Ending Nov 1/20 May 1/21 Nov 1/21 May 1/22 Nov 1/22 Totals 0 $ 0 Os 1 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.) 01:32:14 Cash Interest Paid Period interest Expense Discount Amortization Unamortized Discount Carrying Value Period Ending Nov 1/20 May 1/21 Nov 1/21 May 1/22 Nov 1/22 Totals 0 $ 0 Os Step by Step Solution
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