Hambelton Ltd$.$ issued $$4,250,000$ of $5\%$ bonds payable on $1$ September $209$ to yield $4\%.$ Interest on the bonds is pald seminannudiy and is poyable each $28$ February and $31$ August. The bonds were dated $1$ March $208,$ and had an original term of flve years. The accounting period ends on $31$ December. The effective$-$interest method is used. $($PV of $$1.$ PVA of $$1,$ and PYAD of $$1)($Use appropriate factor$($s$)$ from the tables provided.$)$

Required:

Determine the price at which the bonds were issued. $($Round time value factor to $5$ decimal places. Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.$)$

Price of Bond

$2.$ Prepare a bond amortization table for the life of the bond. $($Round time value factor to $5$ decimal places. Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Leave no cells blank $-$ be certain to enter $"$O$"$ wherever required.$)$

Tnska Interest Interest Aremium Unamortized Net Bond

Me

Crow

Prev

$1$ of $4$

Next