Business, 17.07.2020 21:01 ashkids7178

Duval Co. issues four-year bonds with a $117,000 par value on January 1, 2019, at a price of $112,870. The annual contract rate is 9%, and interest is paid semiannually on June 30 and December 31. Requried:
Prepare an amortization table for these bonds. Use the straight-line method of interest amortization.

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Answer from: vanessaharlan01

Answer and Explanation:

The preparation of the amortization table is presented below:

Semiannual Discount Unamortized Discount Carrying Value

Period-End amortized

1/1/19 $4,130 $ 112,870

($117,000 - $112,870)

6/30/19 $3,613.75 $113,386.25

($4,130 - $4,130 ÷ 8 years) ($112,870 + $516,25)

12/31/19 $3,097.50 $113,902.50

($3,613 - $4,130 ÷ 8 years) ($112,.870 + $516,25)

6/30/20 $2,581.25 $114,418.75

($3,097.50 - $4,130 ÷ 8 years) ($113,902 + $516.25)

12/31/20 $2,065.00 $114,935.00

($2,581.25 - $4,130 ÷ 8 years)

6/30/21 $1,548.75 $115,451.25

($2,065 - $4,130 ÷ 8 years)

12/31/21 $1,032.50 $115,967.50

($1,548.75 - $4,130 ÷ 8 years)

6/30/22 $516.25 $116,483.75

($1,032.50 - $4,130 ÷ 8 years)

12/31/22 $- $ 117,000.00

($516.25 - $4,130 ÷ 8 years)

The same method is applicable for other time period

Answer from: Quest

metallurgy is your answer

the "study of metals and the process of refining ("

note that it says metal. metallurgy has the word "metal" in it, and so is most likely your answer (and is your answer).

Answer from: Quest

Online i’m really not sure

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Duval Co. issues four-year bonds with a $117,000 par value on January 1, 2019, at a price of $112,87...

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