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SweetFish Corp. issued bonds with a par value of $895,000 and a five-year life on May 1, 2020. The contract interest rate is 9.00%. The
SweetFish Corp. issued bonds with a par value of $895,000 and a five-year life on May 1, 2020. The contract interest rate is 9.00%. The bonds pay interest on October 31 and April 30. They were issued at a price of $860,445 when the market interest rate was 10.00%. 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 Cash Interest Paid Period Interest Expense Discount Amortization Unamortized Discount Carrying Value Ending May 1/20 Oct 31/20 Apr 30/21 Oct 31/21 Apr 30/22 Oct 31/22 Apr 30/23 Oct 31/23 Apr 30/24 Oct 31/24 Apr 30/25 Totals 0 0 $ 0 $ 0 $ 0
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