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Sage Hill Ltd. issued $590,000 of 15-year, 8.00% bonds on January 1, 2022, when the market interest rate was 7.00%. The cash received at the
Sage Hill Ltd. issued $590,000 of 15-year, 8.00% bonds on January 1, 2022, when the market interest rate was 7.00%. The cash received at the issuance of the bond was $644,256.53. Interest is payable semi-annually on July 1 and January 1. Sage Hill has a December 31 year end. (a) Prepare a bond amortization schedule for the first four interest periods, using the effective-interest method. (Round answers to 2 decimal places, eg 15.75.) SAGE HILL LTD. Bond Premium Amortization Schedule Effective-Interest Method Semi-Annual Interest Period Interest Payment Interest Expense Amortization Issue Date, Jan. 1, 2022 July 1, 2022 $ $ $ Jan. 1, 2023 July 1, 2023 Jan. 1, 2024 Save for Later Attempts: 0 of 1 used Submit Answer nterest periods, using the effective-interest method. (Round answers to 2 Schedule od Amortization Bond Amortized Cost $ $ Attempts: 0 of 1 used Submit
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