Business, 29.04.2021 20:00, cocothunder635

On January 1 of this year, Houston Company issued a bond with a face value of $10,000 and a coupon rate of 5 percent. The bond matures in three years and pays interest every December 31. When the bond was issued, the annual market rate of interest was 4 percent. Houston uses the effective-interest amortization method. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Required: 1. Complete a bond amortization schedule for all three years of the bond's life. (Enter all values as positive values. Round your final answers to whole dollars.) 2. What amounts will be reported on the income statement and balance sheet at the end of Year 1 and Year 2

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On January 1 of this year, Houston Company issued a bond with a face value of $10,000 and a coupon r...