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On January 1, 2017, Flounder Corporation issued $1,650,000 face value, 8%, 10- year bonds at...

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Accounting

On January 1, 2017, Flounder Corporation issued $1,650,000 face value, 8%, 10- year bonds at $1,447,229. This price resulted in an effective-interest rate of 10% on the bonds. Flounder uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1.

Prepare an amortization table through December 31, 2019 (three interest periods) for this bond issue.

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