Question: Melon Co. issues bonds dated January 1, 2019, with a par value of $710,000. The bonds annual contract rate is 9%, and interest is paid

Melon Co. issues bonds dated January 1, 2019, with a par value of $710,000. The bonds annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31. The bonds mature in three years. The annual market rate at the date of issuance is 8%, and the bonds are sold for $728,598.

1. Prepare a straight-line amortization table for these bonds.

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