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Question 21, Part 2 On July 1, 2017 Pearl Limited issued bonds with a face value of $1,062,000 due in 20 years, paying interest at
Question 21, Part 2 On July 1, 2017 Pearl Limited issued bonds with a face value of $1,062,000 due in 20 years, paying interest at a face rate of 6% on January 1 and July 1 each year. The bonds were issued to yield 8%. The company's year-end was September 30. The company used the effective interest method of amortization. Click here to view the factor table.(For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Your answer has been saved and sent for grading Prepare a partial Bond Premium/Discount Amortization Schedule for Pearl Limited. Only prepare the entries in the schedule for July 1, 2017, January 1, 2018, and July 1, 2018. (Round answers to 0 decimal places, e.g. 5,275.) Premium Amortized Date 1-Jul-17 $ 1-Jan-18 1-Jul-18 Cash Paid Interest Expense Carrying Value 82894$ 2066 $ 84960 1379494 84960 82770 2190 1377304 84960 82638 2322 1374982
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