Problem 14-2 (Part Level Submission)

Larkspur Co. is building a new hockey arena at a cost of $2,730,000. It received a downpayment of $470,000 from local businesses to support the project, and now needs to borrow $2,260,000 to complete the project. It therefore decides to issue $2,260,000 of 11%, 10-year bonds. These bonds were issued on January 1, 2016, and pay interest annually on each January 1. The bonds yield 10%.

Part B

Prepare a bond amortization schedule up to and including January 1, 2020, using the effective interest method.

CALCULATOR PRINTER VERSION BACK NEXT Y (b) Prepare a bond amortization schedule up to and including January 1, 2020, using the effective interest method. (Round answers to 0 decimal places, e.g. 38,548.) Carrying Premium Amount of Cash Paid Interest Expense Amortization Bonds Date 1/1/20 SHOW LIST OF ACCOUNT LINK TO TEXT LINK TO TEXT Attempts: 0 of 3 used