Huxby Corporation issued $600,000 of 13% bonds on January 1, 2013, for $636,000. Huxby will only pay the interest for the first three years after that the bonds are payable in six semi-annual installments of $100,000 starting June 30, 2016. The bonds pay interest semiannually on June 30 and December 31.
Required:
Prepare a serial bond premium amortization schedule (round all answers to the nearest dollar) using the bonds outstanding method.

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The Answer of Huxby Corporation issued $600,000 of 13% bonds on January 1, 2013, for $636,000. Huxby will only pay the interest for the first three years after that the bonds are payable in six semi-annual installments of $100,000 starting June 30, 2016. The bonds pay interest semiannually on June 30 and December 31.
Required:
Prepare a serial bond premium amortization schedule (round all answers to the nearest dollar) using the bonds outstanding method.

Huxby Corporation Issued $600,000 of 13% Bonds on January 1