None Sandhill Technologies Ltd. issued bonds with a face value of $64,000,000 that mature in 15 years. The bonds carry a 6.0% interest rateand are sold at 104.02 to yield 5.60%. The bonds pay interest semi-annually.(a)Your answer is correct.Complete the first four payments of the bond amortization schedule below: (Round answers to O decimal places, e.g. 125.)InterestExpenseAmortization ofBond PremiumBalance ofBond PremiumCarrying Valueof Bonds$2,572,800$66,572,800+A186403818624711860861+A559622516838665168385752924593096645930959139240017066400170185920560795233937566339375

First we will computr for the carrying value of the bonds in the beginning.Carrying Value =…

Answered: Sandhill Technologies Ltd. issued bonds…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 4EA: On January 1, 2018, Wawatosa Inc. issued 5-year bonds with a face value of $200,000 and a stated...

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