Prepare a bond amortization schedule

Reference no: EM131974101

Problem

Sarasota Co. sells $511,000 of 10% bonds on March 1, 2017. The bonds pay interest on September 1 and March 1. The due date of the bonds is September 1, 2020. The bonds yield 12%.

Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. Amortize premium or discount on interest dates and at year-end.

Reference no: EM131974101

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