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Preparing an Amortization Schedule-Effective Interest Method On January 1, 2020, Williams Inc. issued 8-year, $185,000, 5% bonds, priced to yield 6%, with cash interest payable
Preparing an Amortization Schedule-Effective Interest Method On January 1, 2020, Williams Inc. issued 8-year, $185,000, 5% bonds, priced to yield 6%, with cash interest payable semiannually on June 30 and December 31. The company amortizes the bond discount using the effective interest method. Provide an amortization schedule of interest and discount amortization for the 8-year bond term. Note: Round amounts to two decimal places. Effective Interest Method-Discount Date Cash Interest Expense Discount Amortization Bonds Payable, Net 0 0 $ 0 $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Jan. 1, 2020 June 30, 2020 $ Dec 31, 2020 June 30, 2021 Dec. 31, 2021 June 30, 2022 Dec 31, 2022 June 30, 2023 Dec 31, 2023 June 30, 2024 Dec 31, 2024 June 30, 2025 Dec. 31, 2025 June 30, 2026 Dec 31, 2026 June 30, 2027 Dec 31, 2027 Total $ 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $ 0 $
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