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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

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