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The following Information applies to the questions orsplayed below.] Christmas Anytime Issues $650.000 of 5% bonds, due in 10 years, with Interest payable semiannually on
The following Information applies to the questions orsplayed below.] Christmas Anytime Issues $650.000 of 5% bonds, due in 10 years, with Interest payable semiannually on June 30 and December 31 each year. Calculate the issue price of a bond and complete the first three rows of an amortization schedule when Required: 1. The market interest rate is 5% and the bonds issue at face amount. (FV of $1, PV of $1. FVA of S1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) Issue price Date Cash Pald Far Interest Increase in Carrying Value Expense Carrying value an d 01/01/18 06/30/18 12/31/10 T T Check my work 2. The market interest rate is 6% and the bonds issue at a discount. (FV of $1. PV of $1. FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) Issue price Date Cash Pald Interest Expense increase in Carrying Value Carrying Value 01/01/18 06/30/18 12/31/18 3. The market interest rate is 4% and the bonds issue at a premium. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropriate factor(s) from the tables provided. Do not round interest rate factors.) Issue price Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/18 06/30/18 12/31/18
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