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Shamrock Ltd. issued $600,000 of 15-year, 8.50% bonds on January 1, 2022, when the market interest rate was 7.50%. The cash received at the issuance

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Shamrock Ltd. issued $600,000 of 15-year, 8.50% bonds on January 1, 2022, when the market interest rate was 7.50%. The cash received at the issuance of the bond was $653487.74. Interest is payable semi-annually on July 1 and January 1, Shamrock has a December 31 year end. 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.) SHAMROCK 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 S Jan 1, 2023 July 1, 2023 Jan. 1. 2024 Question Part Score --/8 Record the issue of the bonds and the first interest payment. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to 2 decimal places, eg 15.75) Question Part Score -78 Record the issue of the bonds and the first interest payment (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account tities and enter for the amounts. Round answers to 2 decimal places, eg, 15.750 Date Account Titles and Explanation Debit Credit Jan. 1 July 1 Question Part Score --/5 Record the accrual of the interest on December 31, 2022. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account tities and enter for the amounts. Round answers to 2 decimal places, eg. 15.75.) Date Account Titles and Explanation Debit Credit Dec 31 Question Part Score -/3 Show the balance sheet presentation of the bonds at December 31, 2022. [Round answers to decimal places, eg. 5,125.) SHAMROCK LTD. Balance Sheet (Partial) --/2 Question Part Score

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