Question
Required information Problem 10-10AB Effective Interest: Amortization of bond LO P6 [The following information applies to the questions displayed below.] Ike issues $130,000 of
Required information Problem 10-10AB Effective Interest: Amortization of bond LO P6 [The following information applies to the questions displayed below.] Ike issues $130,000 of 13%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $133,201. When the market rate is 12%. Problem 10-10AB Part 3 3. Prepare an effective interest amortization table for the bonds' first two years. Semiannual Interest Period-End 01/01/2019 Cash Interest Bond Interest Paid Expense Premium Unamortized Amortization Premium Carrying Value 06/30/2019 12/31/2019 06/30/2020 12/31/2020
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