ACCOUNTING-Information related to your companies bond issuance

QUESTION

4. Information related to
your companies bond issuance on 1/1/14 is below: Calculate the PV of maturity value, PV of
annuity, total issue price, and the discount or premium. Finally, complete the amortization schedule
below.

Par Value
$ 200,000.00

Stated Rate
6.00%

Yield Rate
8.00%

Bond Term
3 years

Semiannual payments
2
Per Year

PV of maturity value

PV of annuity

Total Issue Price

Face amount of bonds

Discount/Premium

BEGINNING
CASH
INTEREST
Disc/Prem
ENDING

PAYMENT
BOOK VALUE
PAID
EXPENSE
AMORTIZED
BOOK VALUE

Initial offering carrying value

Show initial carrying
value of bond here.

1

2

3

4

5

6

ANSWER:

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