Part 1 of 3 Points: 0 of 6 Specialty Autoparts Inc. issued $120,000 of 5%, 10-year bonds at a price of 90 on January 31, 2020. The market interest rate at the d Next question 7%, and the standard bonds pay interest semi-annually. 1. Prepare an effective interest amortization table for the bonds through the first three interest payments 2. Record Specialty's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020. Explanations are not required. BAR 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.) Specialty Autoparts Amortization Table Semi-annual Interest Date A B D Interest Payment Interest Expense (3.5% of Bond Discount Bond Discount (2.5% of Maturity Preceding Bond Carrying Amortization (B Account Balance Value) Amount) A) (Preceding DC E Bond Carrying Amount ($120,000 - D) Jan. 31, 2020 July 31, 2020 Jan. 31, 2021 July 31, 2021 Calculator Print Clear all Check Type here to search j NU 1000 6C Mostly cloudy 4) ENG 15-1 acer Next question Superb Industries Ltd. borrowed money by issuing a $90,000 6.6%, 10-year bond. Assume the issue price was 91 on October 1, 2020 1. How much cash did Superb Industries receive when it issued the bond? 2. How much must Superb Industries pay back at maturity? When is the maturity date? 3. How much cash interest will Superb Industries pay each six months? Carry the interest amount to the nearest cent. 4. How much interest expense will Superb Industries report each six months? Assume the straight-line amortization method, and carry the interest amount to the nearest cent. C 1. How much cash did Superb Industries receive when it issued the bond? Superb Industries received $when the bond payable was issued. Calculator Print