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SweetFish Corp. issued bonds with a par value of $870,000 and a five-year life on May 1, 2020. The contract interest rate is 12.00% The

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SweetFish Corp. issued bonds with a par value of $870,000 and a five-year life on May 1, 2020. The contract interest rate is 12.00% The bonds pay interest on October 31 and April 30. They were issued at a price of $808,895 when the market interest rate was 14.00%. SweetFish Corp's year-end is December 31. a. Prepare an amortization table for these bonds that covers their entire life. Use the effective interest method of allocating interest (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Period Ending Cash Interest Paid Period Interest Expense Discount Amortization Unamortized Discount Carrying Value May 1/20 Oct 31/20 Apr 30/21 Oct 31/21 Apr 30/22 Oct 3122 Apr 30/23 Oct 31/23 Apr 30/24 3 of 5 Next > Period Ending Cash Interest Paid Period Interest Expense Discount Amortization Unamortized Discount Carrying Value on May 1120 Oct 31/20 Apr 30/21 Oct 3121 Apr 30/22 Oct 31/22 Apr 30/23 Oct 31/23 Apr 30/24 Oct 31/24 Apr 30/25 Totals Help Save & Ex b. Prepare the journal entries that the issuer would make to record the entries on October 31, 2020, December 31, 2020, and April 30. 2021. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar.) View transaction list View journal entry worksheet No Debit Credit 1 Date General Journal October 31, 2020 Bond interest expense Discount on bonds payable Cash 2 December 31, 2020 Bond interest expense Discount on bonds payable Interest payable April 30, 2021 ERR Bond interest expense Interest payable Discount on bonds payable Cash

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