Calculate the total bond interest expense to be recognized

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Reference no: EM131763911

Question: Hillside issues $1,600,000 of 9%, 15-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31. The bonds are issued at a price of $1,958,394.

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 of maturity _____________

Total Repaid

Less amount borrowd _____________

Total bond interest expense

Prepare the first two years of an amortization table using the straight-line method

Semiannual Period End	Unamortized Premium	Carrying Value
01/01/2015
06/30/2015
12/31/2015
06/30/2016
12/31/2016

Reference no: EM131763911

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