Monkey Mortgage Inc. engaged in the following non-strategic investment transactions during 2020:

2020
Jan.		1		Purchased for $419,767 a 8.0%, $413,000 Jaguar Corp. bond that matures in five years when the market interest rate was 7.6%. Interest is paid semiannually beginning June 30, 2017. Monkey Mortgage Inc. plans to hold this investment until maturity.
Mar.		1		Bought 7,300 shares of Mule Corp., paying $33.80 per share.
May		7		Received dividends of $2.20 per share on the Mule Corp. shares.
June		1		Paid $329,000 for 21,650 shares of Zebra common shares.
June		30		Received interest on the Jaguar bond.
Aug.		1		Sold the Mule Corp. shares for $34.05 per share.
Dec.		31		Received interest on the Jaguar bond.
Dec.		31		The fair value of the Zebra shares on this date was $15.00 per share. Assume the fair value of the bonds equalled the carrying value.
2021
Jan.		14		Sold the Zebra shares for $14.80.

Required:
Prepare an amortization schedule for the Jaguar bond showing only 2020 and 2021. 

Answer rating: 100% (QA)

The following table shows the amortization schedule for the Jaguar Bond ... View the full answer