Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

plz check if Bond Premium Amortization is correct or not and answer Bond Discount Amortization Prepare a partial bond amortization table for the first two

image text in transcribedimage text in transcribedplz check if Bond Premium Amortization is correct or not and answer Bond Discount Amortization

Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July 1 and January 1 and that the bonds sold when the market interest rate was 5%. (Round answers to 0 decimal places, e.g. 5,255.) CARVEL CORP. Bond Premium Amortization On January 1, 2018 Interest Expense Premium Amortization Semi-annual Interest Periods Interest Payment Unamortized Premium Bond Carrying Amount 22755 542755 Jan. 1/18 X 15600 135691 2031 July 1/18 20724 540724 15600 Jan. 1/19 13518 2082 18642 538642 LINK TO TEXT Your answer is correct. Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July 1 and January 1 and that the bonds sold when the market interest rate was 6%. (Round answers to o decimal places, e.g. 5,275.) CARVEL CORP. Bond Amortization On January 1, 2018 Interest Payment Interest Expense Semi-annual Interest Periods Bond Carrying Amount 520,000 Jan. 1/18 15600 15600 520,000 July 1/18 HI 15600 15600 520,000 Jan. 1/19 Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July 1 and January 1 and that the bonds sold when the market interest rate was 7%. (Round answers to O decimal places, e.g. 5,255.) CARVEL CORP. Bond Discount Amortization On January 1, 2018 Interest Expense Discount Amortization Semi-annual Interest Periods Interest Payment Unamortized Discount Bond Carrying Amount 22755 542755 Jan. 1/18 x X 15600 13569 2031 20724 540724 July 1/18 X 15600 13518 2082 18642 Jan. 1/19 538642

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Portfolio Of Marketing Audits Company Self Assessment Audits

Authors: David Crosby

1st Edition

1902433157, 978-1902433158

More Books

Students also viewed these Accounting questions

Question

6. Explain the power of labels.

Answered: 1 week ago

Question

5. Give examples of variations in contextual rules.

Answered: 1 week ago

Question

f. What stereotypes were reinforced in the commercials?

Answered: 1 week ago