Question: i need the table filled out please ( 6 points) On January 1,2017 , Swiftx Company sold 9% bonds having a maturity value of $500,000,
i need the table filled out please
( 6 points) On January 1,2017 , Swiftx Company sold 9% bonds having a maturity value of $500,000, which provides the bondholders with a 7% yield. The bonds are dated January 1 , 2017, and mature January 1, 2022 ( 5 year bonds), with interest payable December 31 of each year (annual bonds). Swiftx Company allocates interest and unamortized discount or premium on the effective-interest basis. Prepare a schedule of interest expense and bond amortization for 2017-2021. You'l need to calculate the issue price of the bonds to fill in for the 1/1/17 carrying value
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