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Pharoah Technologies Ltd. issued bonds with a face value of $72,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and
Pharoah Technologies Ltd. issued bonds with a face value of $72,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are sold at 105.41 to yield 4.50%. The bonds pay interest semi-annually. (a) Complete the first four payments of the bond amortization schedule below: (Round answers to O decimal places, e.g. 125.) Interest Expense Amortization of Bond Premium Balance of Bond Premium Carrying Value of Bonds $3,895,200 $75,895,200 Pharoah Technologies Ltd. issued bonds with a face value of $72,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are sold at 105.41 to yield 4.50%. The bonds pay interest semi-annually. (a) Complete the first four payments of the bond amortization schedule below: (Round answers to O decimal places, e.g. 125.) Date Issuance Payment 1 $ Payment 2 Payment 3 Payment 4 Interest Payment SA Interest Expense Amortization of Bond Premium Balance Bond Prer
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