Question: P 1 0 - 1 0 ( Algo ) Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO 1 0 -
PAlgo Preparing a Bond Amortization Schedule for a Bond Issued at a Premium LO
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On January of this year, Olive Corporation issued bonds. Interest is payable once a year on December The bonds mature at the end of four years. Olive uses the effectiveinterest amortization method. The partially completed amortization schedule below pertains to the bonds:
Date Cash Interest Amortization Balance
x $
x $ $ $
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P Part
Required:
Complete the amortization schedule.
Note: Enter all your values in positive. Round your final answers to nearest whole dollar amount.
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