Playfair Ltd. is authorized to issue $8,250,000 of 3-percent, 10-year bonds. On January 2, 2023, the contract date, when the market interest rate is 4 percent, the company issues $6,600,000 of the bonds and receives cash of $6,060,403. Interest is paid on June 30 and December 31 each year. Required 1. Prepare an amortization table for the first four semi-annual interest periods. Playfair Ltd. amortizes bond discounts by the effective-interest method. 2. Record the issue of bonds on January 2, the first semi-annual interest payment on June 30, and the second payment on December 31. 3. Show the balance sheet presentation of the bond on the date of issue and on December 31, 2024. Requirement 1. Prepare an amortization table for the first four semi-annual interest periods. Playfair Ltd. amortizes bond discounts by the effective-interest method. (Round your answers to the nearest whole dollar.) Semi-annual Interest Period Jan. 2, 2023 A Interest Payment (1.5% of Maturity Values) B Playfair Ltd. Amortization Table C Interest Expense (2.0% of Preceding Bond Carrying Amount) Discount Amortization (B-A) www D Unamortized Discount Account Balance (D-C) E Bond Carrying Amount ($6,600,000-D)

bonds and receves cash of $6,060,403 interest is paid on Jure 30 and December 31 each year. Required 1. Prepare an amartuation toble for the first four semi-amual interest penods. Pisptair Lid amortaes bond dincounts by the effective-interest method. 2. Record the issue of bonds on January 2, the fint semi-ennual interest payment on June 30 , and the second payment on December 31. 3. Show the batance aheet presentason of the bond on the date of issie and on Dectember 31; 2024 Requirement 1. Prepare an amorfization table for the frst four semi-annual interest periods. Playtair Lte, amorizes bond disounts by the eflective interest method, (Round your answern to the nearest whole dellar)