Question: Prepare an amortization schedule for the 1st 2 years (effective method) using the following data: 1. On Janurary 1, 2010, ABC Co. issues $2,000,000, 5%,

Prepare an amortization schedule for the 1st 2 years (effective method) using the following data:

1. On Janurary 1, 2010, ABC Co. issues $2,000,000, 5%, 10 year bonds, interest payable on June 30th and December 31st to yield 6%. Use the following format and round to nearest dollar. The bonds were issued for $1,851,234.

DATE CASH PAID INTEREST EXPENSE AMORTIZATION BOND CARRY VALUE

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