Home / Expert Answers / Accounting / 1-explain-how-each-of-the-columns-in-an-amortization-schedule-is-calculated-assuming-the-bonds-are-pa940

(Solved): 1. Explain how each of the columns in an amortization schedule is calculated, assuming the bonds are ...


1. Explain how each of the columns in an amortization schedule is calculated, assuming the bonds are issued at a discount.

2..How is the amortization schedule different if bonds are issued at a premium?



We have an Answer from Expert

View Expert Answer

Expert Answer

1. A typical bond amortization schedule is as below: Date Interest expense (A) Interest paid (B) Discount amortized (C) = A - B Discount on bonds payable Debit bal (D ) Bonds payable Credit bal (E) Carrying amount E - D Explanation 1) Column 1 begins
We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe

Order Now
Go To Answered Questions