Villarente Company issued 5-year $200,000 face value bonds at 95 on January 1, 2012. The stated interest rate on these bonds is 9%, and the effective interest rate is 10.33%. Use the effective interest rate method to complete the amortization schedule below.
Cash Payment | Interest Expense | Discount Amortization | Carrying Value | |
January 1, 2012 | ||||
December 31, 2012 | ||||
December 31, 2013 | ||||
December 31, 2014 | ||||
December 31, 2015 | ||||
December 31, 2016 | ||||
Totals |
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