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Pharoah Ltd . issued $ 1 . 0 8 million of 5 - year, 4 % bonds dated May 1 , 2 0 2 4
Pharoah Ltd issued $ million of year, bonds dated May for $ when the market interest rate was
Interest is paid semiannually on May and November Prepare an amortization schedule for the first three interest payments.
Round answers to decimal places, eg
Date
May
Interest Payment
PHAROAH LTD
Bond Premium Amortization Table
Effective Interest MethodSemiAnnual Interest Payments
Bonds Issued at market rate of
Interest Expense
Premium Amortization
Bond Carrying
$
Nov.
May
Vov.
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