Tamarisk Ltd. issued $630,000 of 15-year, 6.50% bonds on January 1, 2022, when the market interest rate was 5.50%. The cash received at the issuance of the bond was $693,785.30. Interest is payable semi-annually on July 1 and January 1. Tamarisk 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, e.g. 15.75.)

TAMARISK LTD. Bond Premium Amortization Schedule Effective-Interest Method
Semi-Annual Interest Period		Interest Payment		Interest Expense		Amortization		Bond Amortized Cost
Issue Date, Jan. 1, 2022								$
July 1, 2022		$		$		$
Jan. 1, 2023
July 1, 2023
Jan. 1, 2024

List of Accounts

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 0 for the amounts. Round answers to 2 decimal places, e.g. 15.75.)

Date	Account Titles and Explanation	Debit	Credit
Jan. 1
July 1

List of Accounts

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 titles and enter 0 for the amounts. Round answers to 2 decimal places, e.g. 15.75.)

Date	Account Titles and Explanation	Debit	Credit
Dec. 31