On January 1,2009,a Company Sells a 3-Year Bond with a Face

On January 1,2009,a company sells a 3-year bond with a face value of $50,000 and a stated interest rate of 7%.Because the market interest rate is 5%,the company receives $52,723 for the bond.The company uses the effective interest method of amortization.Fill in Table
A.Fill in Table B assuming the market interest rate is 9%,and the company received only $47,469 for the bond and the company uses the effective interest method.
Table A
$\begin{array}{|r|l|l|l|l|l|l}\hline \begin{array}{r}\text { Period } \\\text { Ended }\end{array} & \begin{array}{c}\text { Interest } \\\text { Payable }\end{array} & \begin{array}{c}\text { Amortization } \\\text { of Premium }\end{array} & \begin{array}{c}\text { Interest } \\\text { Expense }\end{array} & \begin{array}{c}\text { Bonds } \\\text { Payable }\end{array} & \begin{array}{c}\text { Premium on } \\\text { Bonds } \\\text { Payable }\end{array} & \begin{array}{r}\text { Bonds Paya } \\\text { includi } \\\text { Premiu }\end{array} \\\hline 01 / 01 / 09 & & & & & & \\\hline 12 / 31 / 09 & & & & & & \\\hline 12 / 31 / 10 & & & & & &\\\hline\end{array}$

Table B
$\begin{array}{|c|c|c|c|c|c|c}\hline\begin{array}{c}\text { Period } \\\text { Ended }\end{array} & \begin{array}{c}\text { Interest } \\\text { Payable }\end{array} & \begin{array}{c}\text { Amortization } \\\text { of Discount }\end{array} & \begin{array}{l}\text { Interest } \\\text { Expense }\end{array} & \begin{array}{c}\text { Bonds } \\\text { Payable }\end{array} & \begin{array}{c}\text { Discount on } \\\text { Bonds } \\\text { Payable }\end{array} & \begin{array}{c}\text { Bonds Paya } \\\text { net of Disce }\end{array} \\\hline 01 / 01 / 09 & & & & & & \\\hline 12 / 31 / 09 & & & & & & \\\hline 12 / 31 / 10 & & & & & & \\\hline 12 / 31 / 11 & & & & & & \\\hline\end{array}$