The Peg Corporation (TPC) issued $70,000 bonds on January 1, 2018 and received $72,500 cash for the bonds. The stated interest rate was 7.5%, payable annually. The bonds have a 5 year life. The market interest rate at time of issuance was 6.638%. Use the second tab for all the responses. 1 Create a data/reference/master table with all required information. This time you are creating the worksheet from the beginning.
2 Prepare a bond amortization schedule using the straight line method of amortization for all 5 years.