Assume that on January 1, Comcast issues $50,000 of 3-year, 8% coupon bonds payable, yielding an effective annual interest rate of 6%. Interest is payable annually on December 31. Prepare an amortization table for the bonds for the three years. Interest Coupon Premium Premium Bond
Expense Interest Amortization Balance Payable, Net
0 1 4000 2 4000 3 4000 Total 16000 Assume that on January 1, Xfinity issues $50,000 of 5-year, 8% coupon bonds payable, yielding an effective annual interest rate of 10%. Interest is payable annually on December 31. Prepare an amortization table for the bonds for the three years. Interest Coupon Premium Premium Bond
Expense Interest Amortization Balance Payable, Net
0 1 2 3 Total