M Chapter 10 Homework http://esto D My VCCS ApplicationsHP. See What\'s Hot- aWi

Question

M Chapter 10 Homework http://esto D My VCCS ApplicationsHP. See What's Hot- aWildTangent Games fo- (The folowing inormanon apples to the questions displayed below) Duval Co issues four-year bonds with a $103,000 Co issues four-year bonds with a $103,000 par value on June 1 2015, at a price of $99,000 The annual contract rate s 6% and interest is paid semannually on November 30 and May 31 8, 0.45 points 1. Prepare an amortizaion tabie for these bonds Use the straigh-line method of interest amortization Round your answers to the nearest dollar amount) 6/01/2015 11302015 5/31/2016 11/30/2016 5/31/2017 11/30/2017 5/31/2018 11/30/2018 5/31/2019

Explanation / Answer

Discount ($103,000 - $99,000) = $4,000

5/31/2019 0 103000
Unamortized Discount = $4000/8 periods = $500  , the amortized discount is reduced by 500 each period and adding 500 each period to carrying value.

Semiannual Period End Unamortized Discount Carrying Value 6/01/2015 4000 99000 11/30/2015 3500 99500 5/31/2016 3000 100000 11/30/2016 2500 100500 5/31/2017 2000 101000 11/30/2017 1500 101500 5/31/2018 1000 102000 11/30/2018 500 102500

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.