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Required information Problem 14-10AB Effective Interest: Amortization of bond LO P6 (The following information applies to the questions displayed below.] Ike issues $180,000 of 11%,
Required information Problem 14-10AB Effective Interest: Amortization of bond LO P6 (The following information applies to the questions displayed below.] Ike issues $180,000 of 11%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $184,566 when the market rate is 10%. Problem 14-10AB Part 3 3. Prepare an effective interest amortization table for the bonds' first two years. Cash Interest Bond Interest Paid Expense Premium Amortization Unamortized Premium Carrying Value Semiannual Interest Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 10.151 9,900 $ 9,900 9,900 9.900
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