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P9.5 (Algo) Completing a Bond Amortization Schedule for a Bond Issued at a Premium LO9-3 Betj Corporation issued bonds and received cash in full for

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P9.5 (Algo) Completing a Bond Amortization Schedule for a Bond Issued at a Premium LO9-3 Betj Corporation issued bonds and received cash in full for the issue price. The bonds were dated and issued on January 1, year 1 Interest is payable at the end of each year. The bonds mature at the end of four years. The following schedule has been partilly completed (amounts in thousands) Required: 1. Complete the amortization schedule. (Moke sure that the unomortized discount/premium equals to ' O ' and the Net Liobility equals to face vatue of the bend in the last period, Enter your answers in thousands of dollars. Round intermediote calculotions and final onswers to the neorest whole dollars. Enter all amounts as positive values.) 2. What was the maturity amount of the bonds? (Enter your answer in thousands of dollers.) 3. How much cash was recelved at the date of issuance (sale) of the bonds? (Enter your onswer in thousands of dollars.) 4. What was the amount of discount or premium on the bond? (Enter your answer in thousonds of dollors.) 5. How much cash will be disbursed for interest each period and in total for the full life of the bond issue? (Enter your answer in thousands of dollars.] 6. What method of amortization is being used? Effective-interest method Stralght-line method Deferred interest method 7. What is the coupon rate? (Round percentoge answer to 1 decimal place (i.e., 0.124 should be entered as 12.4).) 8. What is the market interest rate on the date of issuance of the bonds? (Round percentage onswer to the neorest whole number.) 9. What amount of interest expense should be reported on the statement of earnings each year? (Enter your answers in thousands of dollars.) 10. Show how the bonds should be reported on the statement of financial position at the end of each year (show the last year immediately before repayment of the bonds). (Enter your answers in thousonds of dollers.)

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