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please answer in text not image with all working thanks in advance Robert Company issued 1,200 $1000 face value bonds on January 1, 2018. The bonds have a stated rate of 9%, mature on December 31, 2027, and pay interest on June 30 and December 31 of each year. The bonds were issued at a price of $1,281,542 when the market rate of interest was 8%. • Build and present the the complete amortization table • Determine the interest expense Robert should recognize for 2018

please answer in text not image with all working thanks in advance Robert Company issued 1,200 $1000 face value bonds on January 1, 2018. The bonds have a stated rate of 9%, mature on December 31, 2027, and pay interest on June 30 and December 31 of each year. The bonds were issued at a price of $1,281,542 when the market rate of interest was 8%. • Build and present the the complete amortization table • Determine the interest expense Robert should recognize for 2018

Cornerstones of Financial Accounting
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter9: Long-term Liabilities
Section: Chapter Questions
Problem 76E
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please answer in text not image with all working thanks in advance

Robert Company issued 1,200 $1000 face value bonds on January 1, 2018. The bonds have a stated rate of 9%, mature on December 31, 2027, and pay interest on June 30 and December 31 of each year. The bonds were issued at a price of $1,281,542 when the market rate of interest was 8%.

• Build and present the the complete amortization table

• Determine the interest expense Robert should recognize for 2018     

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