Question: Current Attempt in Progress On January 1 , 2 0 2 5 , Oriole Co . issued ten - year bonds with a face value

Current Attempt in Progress
On January 1,2025, Oriole Co. issued ten-year bonds with a face value of $4,500,000 and a stated interest rate of 10%, payable semiannually on June 30 and December 31. The bonds were sold to yield 12%. Table values are:
\table[[Present value of 1 for 10 periods at 10%,0.38554],[Present value of 1 for 10 periods at 12%,0.32197],[Present value of 1 for 20 periods at 5%,0.37689],[Present value of 1 for 20 periods at 6%,0.31180],[Present value of annuity for 10 periods at 10%,6.14457],[Present value of annuity for 10 periods at 12%,5.65022],[Present value of annuity for 20 periods at 5%,12.46221],[Present value of annuity for 20 periods at 6%,11.46992]]
Calculate the issue price of the bonds. (Round final answer to 0 decimal ploces, es 25,000)
Issue price of bond $
Attempts: 0 of 1 used
(b)
Prepare the amortization table for 2025, assuming that amortization is recorded on interest payment dates using the effectiveinterest method. (Round answers to 0 decimal places, es 25,000.)
\table[[,interest method. (Round answers to O decimal places, es 25,000),,,,,],[Date,Cash,,Expense,,Amortization,Carrying A1],[,,,,,,$],[1/1/25,,$,,$,,
Current Attempt in Progress On January 1 , 2 0 2

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!