Pharoah Technologies Ltd. issued bonds with a face value of $72,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are sold at 105.41 to yield 4.50%. The bonds pay interest semi-annually. (a) Complete the first four payments of the bond amortization schedule below: (Round answers to O decimal places, e.g. 125.) Date Issuance Payment 1 Payment 2 Payment 3 Payment 4 $ Interest Payment Interest Expense Amortization of Bond Premium Balance Bond Prer

Pharoah Technologies Ltd. issued bonds with a face value of $72,000,000 that mature in 15 years. The bonds carry a 5.0% interest rate and are sold at 105.41 to yield 4.50%. The bonds pay interest semi-annually. (a) Complete the first four payments of the bond amortization schedule below: (Round answers to O decimal places, e.g. 125.) Date Issuance Payment 1 Payment 2 Payment 3 Payment 4 $ Interest Payment Interest Expense Amortization of Bond Premium Balance Bond Prer

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter13: Long-term Liabilities

Section: Chapter Questions

Problem 5EB: Haiku Inc. issued $600,000 of 10-year bonds with a stated rate of 11% when the market rate was 12%....

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