Business, 13.01.2021 17:10 sis212

Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2018. LPC's accountant has projected the following amortization schedule from issuance until maturity: Date Cash interest Effective interest Decrease in balance Outstanding balance 1/1/2018 $ 207,020 6/30/2018 $ 7,000 $ 6,211 $ 789 206,230 12/31/2018 7,000 6,187 813 205,417 6/30/2019 7,000 6,163 837 204,580 12/31/2019 7,000 6,137 863 203,717 6/30/2020 7,000 6,112 888 202,829 12/31/2020 7,000 6,085 915 201,913 6/30/2021 7,000 6,057 943 200,971 12/31/2021 7,000 6,029 971 200,000 LPC issued the bonds:

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Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2018. LPC's accountant has projected th...

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