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please help prepare the amortization table and show work please CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Problem 15-08A a-e On January 1, 2020, Ivanhoe
please help prepare the amortization table and show work please
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Problem 15-08A a-e On January 1, 2020, Ivanhoe Corporation issued $1,730,000 face value, 4%, 10-year bonds at $1,596,414. This price resulted in an effective interest rate of 5% on the bonds. Lock uses the effective interest method to amortize bond premium or discount. The bonds pay annual interest on January 1. ASSIGNMENT RESOURCES Chapter 15 Assignment Brief Exercise 15-01 Brief Exercise 15-03 a-c (Part Level Submission) Brief Exercise 15-05 Brief Exercise 15-06 Brief Exercise 15-07 Brief Exercise 15-14 a Problem 15-04A a-c (Part Level Submission) (Video) Problem 15-06A a-c (Part Level Submission) Problem 15-08A a-e Your answer is correct. Prepare the journal entry to record the issuance of the bonds on January 1, 2020. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit January 1, 2020 TCash 1596414|| Discount on Bonds Payable 133586 Review Score Review Results by Study Objective Bonds Payable 1730000 SHOW LIST OF ACCOUNTS LINK TO TEXT CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Your answer is partially correct. Try again. Prepare an amortization table through December 31, 2022 (three interest periods) for this bond issue. (Round answers to o decimal places, e.g. 15,250.) ASSIGNMENT RESOURCES Chapter 15 Assignment Brief Exercise 15-01 Brief Exercise 15-03 a-c (Part Level Submission) Brief Exercise 15-05 Brief Exercise 15-06 Brief Exercise 15-07 Brief Exercise 15-14 a Problem 15-04A a-c (Part Level Submission) (Video) Problem 15-06A a-c (Part Level Submission) Problem 15-08A a-e LOCK CORPORATION Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Annual Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date 133586 1596414 Review Score Review Results by Study Objective x Your answer is incorrect. Try againStep by Step Solution
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