Question
Using the effective interest method, complete the remainder of the amortization schedule from issuance through maturity. Cash Payment Effective Interest Premium Amortization Carrying Value Date
Using the effective interest method, complete the remainder of the amortization schedule\ from issuance through maturity.\ Cash\ Payment\ Effective\ Interest\ Premium\ Amortization\ Carrying\ Value\ Date\ 1/1/23 (Date created) $609,882\ 6/30/23 $25,000 $12,198 $12,802 $597,080\ b. Using the effective interest method, prepare the journal entries required on March 31,\ 2023, June 30, 2023, and December 31, 2023, for both parties. Du Inc. intends to hold\ the bonds to maturity.\ c. Instead of using the effective interest method, compute the amount of monthly\ amortization for each party using straight-line amortization.
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