Question: Problem 10-10A (Part Level Submission) On July 1, 2017, Global Satellites Corporation issued $1,650,000 of 10-year, 7% bonds to yield a market interest rate of

Problem 10-10A (Part Level Submission) On July 1, 2017, Global Satellites

Problem 10-10A (Part Level Submission) On July 1, 2017, Global Satellites Corporation issued $1,650,000 of 10-year, 7% bonds to yield a market interest rate of 6%. The bonds pay semi-annual interest on July 1 and January 1. Global has a December 31 year end. When the bonds were issued, Global received $1,772,746 Click here to view the factor table. (a) Your answer is partially correct. Try again. Prepare an amortization table through January 1, 2019 (three interest periods) for this bond issue. (Round all amounts to the nearest dollar, e.g. 5,275.) GLOBAL SATELLITES CORPORATION Bond Premium Amortization Unamortized Bond Carrying Semi-annual interest periods Interest to be paid Interest Expense to be Premium Amortization Premium Amount Recorded July 1/17 122746 1772746 $1 x x Jan. 1/18 62046 53182 8864 113882 1763882 $ > July 1/18 62046 52916 9130 104752 1754752 X X X X X Jan. 1/19 62046 52643 9403 95349 1745349 X X X X July 1/19 62046 52360 9686 85663 1735663 SHOW LIST OF ACCOUNTS Attempts: 1 of 3 used

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