Question: NpaReASSignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take&inprogress-false e eBook Cornerstone Exercise 9-31 (Algorithmic) Bonds Issued at a Discount (Effective Interest) Sicily Corporation issued $450,000 in 6% bonds (payable on December 31,
NpaReASSignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take&inprogress-false e eBook Cornerstone Exercise 9-31 (Algorithmic) Bonds Issued at a Discount (Effective Interest) Sicily Corporation issued $450,000 in 6% bonds (payable on December 31, 2029) on January 1, 2020, for $432,000. Interest is paid on June 30 and December 31, The market rate of interest is 7%. Required Calculator Prepare the amortization table through December 31, 2021, using the effective interest rate method. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "O. If required, round your answers to the nearest whole dollar Sicily Corporation Amortization Table Period Cash Payment (Credit) Inter est Expense (Debit) Discount on Bonds Payable (Credit) Discount on Bonds Payable Balance Carrying Value At issue 18.000 | 6200 v 1.671 v T735V 432000 433,620 435.297 437.032 438.828 ? ?13.seo] v [?15.120] v 30/20 12/31/20 15,5015177147 6/30/21 ?13.5001 v 6/30/21 13,500 12/31/21-13.500 15.177 (-15235) v 15,296 1.735 1.796 Check My Work Check My Work Previous Next All work saved. s 1219 PM 7/11/2018 2
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