On July 1, 2017 Metlock Limited issued bonds with a face value of $1,100,000 due in 20 years, paying interest at a face rate of 9% on January 1 and July 1 each year. The bonds were issued to yield 11.00%. The company's year-end was September 30. The company used the effective interest method of amortization.
Prepare a partial Bond Premium/Discount Amortization Schedule for Metlock Limited. Only prepare the entries in the schedule for July 1, 2017, January 1, 2018, and July 1, 2018. (Round answers to 0 decimal places, e.g. 5,275.)
- This solution has not purchased yet.
- Submitted On 16 Jun, 2017 06:00:24