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Please help me answer this: Partll: Problem Question (18 points)PLEASE CoMPLETE THE SCHEDULES IN ENTIRETY (a) Spidey Corp. issues a 5 year, 9%, $100,000 bond
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Partll: Problem Question (18 points)PLEASE CoMPLETE THE SCHEDULES IN ENTIRETY (a) Spidey Corp. issues a 5 year, 9%, $100,000 bond with a yield of 8% for $104,100 on January 1st, 2015. The bond pays interest semi-annually on June 30 and Dec. 31. of each year Instructions: Create the bond amortization schedule under the effective interest method Schedule of Bond Premium Amortization Effective Interest Method 9% Bonds Sold to Yield 8% Cash Paid Interest Expense Bond Premium Carrying Value Date (b) Spidey Corp. issues a 5 year, 996, $100,000 bond with a yield of 10% for $96,149 on January 1st, 2015. The bond pays interest semi-annually on June 30 and Dec. 31. of each year Instructions: Create the bond amortization schedule under the effective interest method Schedule of Bond Discount Amortization Effective Interest Method 9% Bonds Sold to Yield 10% Cash Paid Interest Expense Bond Discount Carrying Value DateStep by Step Solution
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