Question: 1.09/5 E HOW ALLEmperory Current Attempt in Progress On January 1, 2022, Metlock Company acquires $160,000 of Nicklaus, Inc., 10% bonds at a price of

1.09/5 E HOW ALLEmperory Current Attempt in Progress On January 1, 2022, Metlock Company acquires $160,000 of Nicklaus, Inc., 10% bonds at a price of $152.314. The interest is payable each December 31, and the bonds mature December 31, 2024. The investment will provide Metlock Company a 12% yield. The bonds are classified as held-for-collection. (a) Your answer is partially correct. Prepare a 3-year schedule of interest revenue and bond discount amortization. (Round answers to 2 decimal places, e.g. 2.512.37) Cash Schedule of Interest Revenue and Bond Discount Amortization Effective-Interest Method Bond Purchased to Yield Interest Bond Discount Carrying Amount Prepare a 3-year schedule of interest revenue and bond discount amortization. (Round answers to 2 decimal places, eg. 2,512.37) Date Cash Received 1/1/22 $ Schedule of Interest Revenue and Bond Discount Amortization Effective-Interest Method Bond Purchased to Yield Interest Revenue $ Bond Discount Amortization 12/31/22 12/31/23 12/31/24 16,000 18562 16.000 18562 2562 2562 16.000 18562 2562 R ere to search eTextbook and Media. F d estion 1 of 1 1.09/5! Prepare a 3-year schedule of interest revenue and bond discount amortization. (Round answers to 2 decimal places, e.g. 2,512.37.) Cash Received Schedule of Interest Revenue and Bond Discount Amortization Effective-Interest Method Bond Purchased to Yield Interest Revenue Bond Discount Amortization Carrying Amount of Bonds 16.000 $ 18562 2562 152.314 154876 16.000 18562 2562 175438 16.000 18562 2562 157438 eTextbook and Media 3:07 F 36C DENG 6/18/2

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