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Oak Branch Inc. issued $760,000 of 7%, 10-year bonds when the market rate was 6%. They received $816,549. Interest was paid semi-annually. Prepare an amortization
Oak Branch Inc. issued $760,000 of 7%, 10-year bonds when the market rate was 6%. They received $816,549. Interest was paid semi-annually. Prepare an amortization table for the first three years of the bonds. Round intermediate and final answers to whole dollar amount. Cash Interest Payment Interest on Carrying Value Amortization of Premium Carrying Value Jan. 1, Year 1 June 30, Year 1 Dec. 31, Year 1 June 30, Year 2 IILIHU Illlll Dec. 31, Year 2 June 30, Year 3 III Dec. 31, Year 3
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