## (Solved) why was the discovery of the human bones important?

 The following partial amortization table was developed for a 5.4%, \$800,000 5-year bond that pays interest each 30 September and 31 March. The table uses an effective interest rate of 5%. The bond was issued on 1 August 20X1.

 Amortization Schedule, Effective-Interest Method: Interest Period Cash Interest Interest Expense Premium Amortization Balance Unamortized Premium Carrying Amount of Bonds Opening \$14,003 \$814,003 1 (30 Sept. 20X1) \$21,600 \$20,350 \$1,250 12,753 812,753 2 21,600 20,319 1,281 11,472 811,472 3 21,600 20,287 1,313 10,159 810,159 4 21,600 20,254 1,346 8,813 808,813 5 21,600 20,220 1,380 7,433 807,433 6 21,600 20,186 1,414 6,019 806,019 7 21,600 20,150 1,450 4,569 804,569

Required:

1-a.

Calculate the issuance proceeds of the bond

 1-b. Calculate the issuance proceeds of the accrued interest.

Solution details:
STATUS
QUALITY
Approved

This question was answered on: Oct 15, 2019

Solution~000.zip (25.37 KB)

STATUS

QUALITY

Approved

Oct 15, 2019

EXPERT

Tutor

#### YES, THIS IS LEGAL

We have top-notch tutors who can do your essay/homework for you at a reasonable cost and then you can simply use that essay as a template to build your own arguments.

You can also use these solutions:

• As a reference for in-depth understanding of the subject.
• As a source of ideas / reasoning for your own research (if properly referenced)
• For editing and paraphrasing (check your institution's definition of plagiarism and recommended paraphrase).
This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student.

### Order New Solution. Quick Turnaround

Click on the button below in order to Order for a New, Original and High-Quality Essay Solutions. New orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

WE GUARANTEE, THAT YOUR PAPER WILL BE WRITTEN FROM SCRATCH AND WITHIN A DEADLINE.