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P 1 0 - 1 0 ( Algo ) Preparing a Bond Amortization Schedule for a Bond Issued at a Premium L 0 1 0

P10-10(Algo) Preparing a Bond Amortization Schedule for a Bond Issued at a Premium L010-5
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On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partially completed amortization schedule below pertains to the bonds:
\table[[Date,Cash,Interest,Amortization,Balance],[January 1, Year 1,,,,$58,998
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