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Question $8$ of $8$

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Current Attempt in Progress

On January $1,2024,$ Sheffield Corp. issued five$-$year bonds with a face value of $$630,000$ and a coupon interest rate of $6\%,$ with interest payable semi$-$annually.

Click here to view the factor table.

$($a$)$

Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July $1$ and January $1$ and that the bonds sold when the market interest rate was $5\%.($Round answers to O decimal places, e$.$g$.5,255.$ For calculation purposes, use $5$ decimal places as displayed in the factor table provided.$)$

SHEFFIELD CORP.

Bond Premium Amortization

Premium

Interest Expense

Amortization

Unamortized

Premium

Bond Carrying Amount

$

$

$

$|$

eTextbookand MediaOn January $1,2024,$ Sheffield Corp. issued five$-$year bonds with a face value of $$630,000$ and a coupon interest rate of $6\%,$ with interest payable semi$-$annually.

Click here to view the factor table.

$($a$)$

Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July $1$ and January $1$ and that the bonds sold when the market interest rate was $5\%.($Round answers to $0$ decimal places, e$.$g$.5,255.$ For calculation purposes, use $5$ decimal places as displayed in the factor table provided.$)$

SHEFFIELD CORP. Bond Premium Amortization

Premium

Amortization

Unamortized

Premium

Bond Carrying Amount

Interest Expense

$

$

$

eTextbookand Media

Current Attempt in Progress

On January $1,2024,$ Sheffield Corp. issued five$-$year bonds with a face value of $$630,000$ and a coupon interest rate of $6\%,$ with interest payable semi$-$annually.

Click here to view the factor table.

$($a$)$

Prepare a partial bond amortization table for the first two interest payments assuming that interest is paid on July $1$ and January $1$ and that the bonds sold when the market interest rate was $5\%.($Round answers to O decimal places, e$.$g$.5,255.$ For calculation purposes, use $5$ decimal places as displayed in the factor table provided.$)$

SHEFFIELD CORP. Bond Premium Amortization

Semi$-$

Annual

Interest

Premium

Unamorti

Periods

Interest Payment

Interest Expense

Amortization

Premiul

Jan.

$\frac{1}{24}$

July

$\frac{1}{24}$

$

$

Jan.

$\frac{1}{25}$