Preparing A Bond Amortization Table Straight Line Sonoma Company Issued 5 Year 9 2 Bonds With A Total Face Value Of 1 (100.49 KiB) Viewed 47 times
Preparing a Bond Amortization Table (Straight Line) Sonoma Company, issued 5-year, 9.2% bonds with a total face value of $500,000 on January 1, for $451,000. The bonds pay interest on June 30 and December 31 of each year. Required: 1. Prepare an amortization table. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". Sonoma Company Amortization Table Period At issue 6/30/20 12/31/20 6/30/21 12/31/21 6/30/22 12/31/22 6/30/23 12/31/23 6/30/24 12/31/24 Interest Discount on Discount on Cash Payment Expense Bonds Payable Bonds Payable Carrying (Credit) (Debit) Balance Value (Credit) June 30 0000000 000000000 2. Prepare the entries to recognize the bond issuance and the interest payments made on June 30 and December 31 of Year 1. If an amount box does not require an entry, leave it blank. 00 00
2. Prepare the entries to recognize the bond issuance and the interest payments made on June 30 and December 31 of Year 1. If an amount box does not require an entry, leave it blank. E June 30 Dec. 31 (Record interest expense) (Record interest expense)
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