Question: On October 1 , 2 0 2 3 , Ross Wind Energy Inc. issued a $ 1 , 6 9 0 , 0 0 0
On October Ross Wind Energy Inc. issued a $ sevenyear bond. Interest is to be paid annually each October Assume a November yearend. Use TABLE A and TABLE AUse appropriate factors from the tables provided.
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Required:
a Calculate the issue price of the bond assuming a market interest rate of on the date of the bond issue. Do not round intermediate calculations. Round the final answer to the nearest whole dollar.
Issue price of the bond
b Using the effective interest method, prepare an amortization schedule. Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.
tabletablePeriodEndingtableCashInterestPaidtablePeriodInterestExpensetablePremiumAmorttableUnamortizedPremiumtableCarryingValueOctOctOctOctOctOctOctOctTotals$$$
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