Windsor, Inc. sold $2,600,000, 6%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Windsor, Inc. uses the straight-line method to amortize bond premium or discount. The bonds were sold at 104.

(a)

(b)

Prepare a bond premium amortization schedule for the first four interest periods.

Annual Interest Periods		Interest to Be Paid		Interest Expense to Be Recorded		Premium Amortization		Unamortized Premium		Bond Carrying Value
Issue date								$enter Unamortized Premium in dollars		$enter Bond Carrying Value in dollars
1		$enter Interest to Be Paid in dollars		$enter Interest Expense in dollars		$enter Premium Amortization in dollars		enter Unamortized Premium in dollars		enter Bond Carrying Value in dollars
2		enter Interest to Be Paid in dollars		enter Interest Expense in dollars		enter Premium Amortization in dollars		enter Unamortized Premium in dollars		enter Bond Carrying Value in dollars
3		enter Interest to Be Paid in dollars		enter Interest Expense in dollars		enter Premium Amortization in dollars		enter Unamortized Premium in dollars		enter Bond Carrying Value in dollars
4