On January 1, Year 1, Kennard Co. issued $2,000,000, 5%, 10-year bonds, with interest payable on June 30 andDecember 31 to yield 6%. Use the following format and round figures to nearest dollar.The bonds were issued for $1,851,234.?
(a) Prepare an amortization schedule for Year 1 and Year 2 using the effective interest rate method.Date Cash Paid Interest Expense Amortization Bond Carrying Value?
(b) Show how this bond would be reported on the balance sheet at December 31, Year 2.

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The Answer of On January 1, Year 1, Kennard Co. issued $2,000,000, 5%, 10-year bonds, with interest payable on June 30 andDecember 31 to yield 6%. Use the following format and round figures to nearest dollar.The bonds were issued for $1,851,234.?
(a) Prepare an amortization schedule for Year 1 and Year 2 using the effective interest rate method.Date Cash Paid Interest Expense Amortization Bond Carrying Value?
(b) Show how this bond would be reported on the balance sheet at December 31, Year 2.