METLOCK ELECTRONICS LTD. Bond Premium Amortization Schedule Effective-Interest Method ast Interest Payment Interest Expense Amortization...
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METLOCK ELECTRONICS LTD. Bond Premium Amortization Schedule Effective-Interest Method ast Interest Payment Interest Expense Amortization Bond Carrying Amount 225 $ 7220931 2070000 760564.75 1901412 168588 75867687 1897197 172403 75715084 18928.77 177123 755379.61 eTextbook and Media List of Accounts Metlock Electronics Ltd issued $690.000 of 15 year, 6.0% bonds on January 1,2025 , when the market interest rate was 5.0%6. The cach received at the iscrance of the bond was $76220951 Interest is payable semi-anntally on July 1 and January 1 . Metlock has a December 31 yeur end. Record the issue of the bonds and the first interest payment. (List all debit entries before credit. entries. Credit account titles for the account tities and enter Ofor the omounts. Round answers to 2 decimal ploces, es. 15.75. Record journal entries in the order presented in the problem.) METLOCKELECTRONICSLTD. Bond Premium Amortization Schedule Effective-Interest Method Semi-Annual interest Period Interest Payment Interest Expense Amortization Bond Fssue Date, Jan-1, 2025 July 1,2025 $ San1,2026 July 1.2026 128003 Jan. 1,2027 4.92607 177123 eTextbook and Media
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