Maturity Value of bonds payable

Present value of $600.000 due in 4 years at 12%, interest payable

semianually (Table 6-2); FV(PFV 8,6%); ($500.000 x 0,62741)
Present value of $27.000 interest payable semiannually for 4 years at
12% annually (Table 6-4); R(PVF-OA 8,6%); ($25.000 x 6,20979)

Proceeds from sale of bonds

Discount on bonds payable

 $600,000 SCHEDULE OF BOND D
25000 Effective-Interest Method-
$376,446 4.91732 3 Years, 10% Bo

$167,664 Date Cash Paid

1-Jun-20
$544,110 1-Dec-20 $27,000
1-Jun-21 $27,000
$55,890 1-Dec-21 $27,000
1-Jun-22 $27,000
1-Dec-22 $27,000
1-Jun-23 $27,000
1-Dec-23 $27,000
1-Jun-24 $27,000
 SCHEDULE OF BOND DISCOUNT AMORTIZATION
Effective-Interest Method-Semiannually Intreset Payments
3 Years, 10% Bonds Sold to Yield 12%

Interest Expense Discount Amortized Carrying Amount of Bonds

$544,110
$32,647 $5,647 $549,757
$32,985 $5,985 $555,742
$33,345 $6,345 $562,087
$33,725 $6,725 $568,812
$34,129 $7,129 $575,941
$34,556 $7,556 $583,497
$35,010 $8,010 $591,507
$35,490 $8,490 $0