Amortization Table Assignment

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    Amortization Table Assignment

    Duval Co. issues four-year bonds with a $102,000 par value on January 1, 2017, at a price of $97,990. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31. 1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.) > Answer is complete but not entirely correct. Semiannual Period-End 6/01/2017 11/30/2017 $ 5/31/2018 Unamortized Discount $ 3,509 3,008 % 2,507 2,006 % 1,505 1,004 501 503 Carrying Value 98,491 % 98,992 99,493 99,994 100,495 100,996 101,499 X 11/30/2018 5/31/2019 11/30/2019 5/31/2020 11/30/2020 102,002 5/31/2021 0 102,505. Get Accounting homework help today

    Duval Co. issues four-year bonds with a $102,000 par value on January 1, 2017, at a price of $97,990. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31.

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    1. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.) > Answer is complete but not entirely correct. Semiannual Period-End 6/01/2017 11/30/2017 $ 5/31/2018 Unamortized Discount $ 3,509 3,008 % 2,507 2,006 % 1,505 1,004 501 503 Carrying Value 98,491 % 98,992 99,493 99,994 100,495 100,996 101,499 X 11/30/2018 5/31/2019 11/30/2019 5/31/2020 11/30/2020 102,002 5/31/2021 0 102,505. Get Accounting homework help today