A company issues four-year bonds with a $114,000 par value on January 1, 2021, at a price of $109,870. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31. Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.)     Semiannual Period-End Unamortized Discount Carrying Value 1/01/2021     6/30/2021     12/31/2021     6/30/2022     12/31/2022     6/30/2023     12/31/2023     6/30/2024     12/31/2024

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A company issues four-year bonds with a $114,000 par value on January 1, 2021, at a price of $109,870. The annual contract rate is 5%, and interest is paid semiannually on June 30 and December 31.

Prepare a straight-line amortization table for these bonds. (Round your answers to the nearest dollar amount.)

 
 
Semiannual Period-End Unamortized Discount Carrying Value
1/01/2021    
6/30/2021    
12/31/2021    
6/30/2022    
12/31/2022    
6/30/2023    
12/31/2023    
6/30/2024    
12/31/2024    
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