Ivanhoe Company sold $3,240,000, 9%, 10-year bonds on January 1, 2022. The bonds were dated...
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Ivanhoe Company sold $3,240,000, 9%, 10-year bonds on January 1, 2022. The bonds were dated January 1, 2022, and pay interest on January 1. The company uses straight-line amortization on bond premiums and discounts. Financial statements are prepared annually.
Prepare amortization table for issuance of the bonds sold at 102 for the first three interest payments.
Annual Interest Periods
Interest to Be Paid
Interest Expense to Be Recorded
Premium Amortization
Unamortized Premium
Bond Carrying Value
Issue date
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1
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2
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3
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Prepare amortization table for issuance of the bonds sold at 97 for the first three interest payments.
Annual Interest Periods
Interest to Be Paid
Interest Expense to Be Recorded
Discount Amortization
Unamortized Discount
Bond Carrying Value
Issue date
$enter a dollar amount enter a dollar amount
$enter a dollar amount enter a dollar amount
$enter a dollar amount enter a dollar amount
$enter a dollar amount enter a dollar amount
$enter a dollar amount enter a dollar amount
1
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
2
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
3
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
enter a dollar amountenter a dollar amount
(note: this is due in 28 mins. please please help me out! thank you!)
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