Question: JProblem 1 : Bonds Alco Company issued a 5 - year, 5 % $ 1 0 0 , 0 0 0 face value bond on

JProblem 1: Bonds
Alco Company issued a 5-year, 5%$100,000 face value bond on January 1,2024 at 102. Issuance costs were $400 and were incurred by Alco Company. Interest is paid each December 31. The effective interest rate after factoring in the issuance costs is 4.63%.
mances
a. Complete the amortization table below for 2024,2025 and 2026.
\table[[Period,Interest Paid,Interest Expense,Amortization,Carrying Value],[\table[[11?2024
JProblem 1: Bonds Alco Company issued a 5-year, 5%$100,000 face value

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