Question $43$ of $43$

$\frac{-}{16}$

Current Attempt in Progress

Oriole Corporation issued $$6,600,000$ of $8\%$ bonds on October $1,2024,$ due on October $1,2029.$ The interest is to be paid twice a year on April $1$ and October $1.$ The bonds were sold to yield $10\%$ effective annual interest. Oriole Corporation closes its books annually on December $31.$

$($a$)$

Complete the following amo ation schedule for the dates indicated. Use the effective$-$interest method. $($Round answers to $0$ decimal places, e$.$g$.5,275.)$ decimal places, e$.$g$.5,275.)$

Date

Credit Cash

Debit Interest Expense

Carryir

October $1,2024$

April $1,2025$

$

$

Credit Bond Discount

$3$

October $1,2025$

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Current Attempt in Progress

Sandhill Corporation issued $$5,880,000$ of $8\%$ bonds on October $1,2024,$ due on October $1,2029.$ The interest is to be paid twice a year on April $1$ and October $1.$ The bonds were sold to yield $10\%$ effective annual interest. Sandhill Corporation closes its books annually on December $31.$

$($a$)$

Complete the following amortization schedule for the dates indicated. Use the effective$-$interest method. $($Round answers to $0$ decimal places, e$.5,275.)$

$\backslash$table$[[$Credit Cash,Debit Interest Expense,Credit Bond Discount,$\backslash$table$[[$Carrying Amount of$],[$Bonds$]]],[,,,$$$5,425,962$