The following amortization and interest schedule reflects the issuance of 10-year bonds by Oriole Corporation on January 1, 2011,
and the subsequent interest payments and charges. The company's year—end is December 31, and financial statements are
prepared once yearly. Amortization Schedule Amount Carrying
Year Cash Interest Unamortized Value
1/1/2011 $37,843 $ 150,657
2011 $20,735 $22,599 35,979 152,521
2012 20,735 22,878 33,836 154,664
2013 20,735 23,200 31,371 157,129
2014 20,735 23,569 28,537 159,963
2015 20,735 23,994 25,278 163,222
2016 20,735 24,483 21,530 166,970
2017 20,735 25,046 17,219 171,281
2018 20,735 25,692 12,262 176,238
2019 20,735 26,436 6,561 181,939
2020 20,735 27,296 188,500 (a) Indicate whether the bonds were issued at a premium or a discount. Discount 6 (b) Indicate whether the amortization schedule is based on the straight—line method or the effective—interest method. Effective interest method ¢
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Posted 11 Jul 2017 09:07 AM
My Price 15.00
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