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Candies issued of %,-year bonds on January1,, when the market interest rate was...

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Question

Accounting

Candies issued of
%,-year bonds on January1,, when the market interest rate was
%. The company pays interest annually at year-end. The issue price of the bonds was $.
Requirement
Create a spreadsheet model to prepare a schedule to amortize the bonds. Use the effective-interest method of amortization. Round to the nearest dollar.
Question content area bottom
Part 1
Requirement. Create a spreadsheet model to prepare a schedule to amortize the bonds. Use the effective-interest method of amortization. (Round your final answer to the nearest dollar. For amounts with a zero balance, enter a 0 where appropriate.)
A
B
C
D
E
F
Date
Interest Payment (8@DIV{3;8}% of Maturity Value)
Interest Expense (9@DIV{1;2}% of Preceding Bond Carrying Amount)
Discount Amortization (C - B)
Discount Balance (Preceding E - D)
Bond Carrying Amount ($300,000- E)
1-1-2020
12-31-2020
$25,125
12-31-2021
25,125
12-31-2022
25,125
12-31-2023
25,125
12-31-2024
25,125
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