Answer Happy

Required information [The following information applies to the questions displayed below.] Ike issues $170,000 of 9% , three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $174,453 when the market rate is 8%. 2. Complete the below table to calculate the total bond interest expense to be recognized over the bonds' life. Total bond interest expense over life of bonds: Amount repaid payments of Par value at maturity Total repaid Less amount borrowed Total bond interest expense $ 0 0

Required information. [The following information applies to the questions displayed below.] Ike issues $170,000 of 9%, three-year bonds dated January 1, 2021, that pay interest semiannually on June 30 and December 31. They are issued at $174,453 when the market rate is 8%. 3. Prepare an effective interest amortization table for the bonds' first two years. (Round your intermediate and final answers to the nearest whole dollar.) Semiannual Interest Cash Interest Period-End Paid 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 Bond Interest Expense Premium Amortization Unamortized Premium Carrying Value

14 of 4 ts eBook Print ferences View transaction list Journal entry worksheet < 1 2 Record the first interest payment on June 30. Note: Enter debits before credits. Date June 30 Record entry General Journal Clear entry Debit Credit View general journal