Xerox Company Issues		$ 3,000,000	6%	4	year Bonds at	105
Interest is payable on July 1st and January 1st. Straight-line method is used for bond discount/premium.
Optional Work Area		Face, Price, Carry Value >
		Bond Rate>		Discount/Premium>
		# Periods >
Prepare the bond amortization schedule.
(Round to the nearest dollar.)
	A	B	C	D	E
	% X Face /2	A + (-) D	D/#periods	D-C	Face +(-) D
Period # Date	Cash Interest Payment	Interest Expense	Amount of Prem/Disc Amortizatn	Un-Amortized Prem/(Disc)	Bond Carry Value
Issue Date >>
1
2
3
4

-prepare the bond amortization schedule

JE1: prepare journal entry for sale of the bonds January, year1. Explanation adequate to calculate Bond value.

JE2: prepare Journal entry to record bond interest payment on July 1st

JE3: prepare entry accrual of interest expense December 31st

JE4: prepare journal entry to pay interest January2, year2

Redeem Bonds @102 on July 1st year#2 assuming Bond interest payment has been made.