Teamwork in Action (Concluded)
Without completing the table, team members should be able to project the
final number in the first column and for each of the columns (A), (D), and
(Col. 1) Last interest period date is 12/31/2019 because this is a five-year
bond, issued 1/1/2015, with semiannual interest payments made
on 6/30 and 12/31 of each year.
(Col. A) Interest paid of $4,500 (every interest period has the same amount
Total Bond interest expense = Interest Paid - Premium
= ($4,500 x 10 periods) - $4,100
= $45,000 - $4,100 = $40,900
Part 5 List likely includes:
a. Table column headings
for the period and for
a. Column (C) will be Discount Amortization and
Column (D) will be Unamortized Discount.