Preparing an Amortization Table for Non-interest Bearing Bonds (Straight Line) On December 31, 2018, Beauty Box Company borrowed $3,000,000 by issuing three-year, zero coupon bonds. The face value of the bonds is $3,240,000. Beauty Box uses the straight-line method to amortize any premium or discount.

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Prepare an amortization table for these bonds using the following column headings:

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Period Cash Payment (Credit) Interest Expense Discount on Bonds (Debit) Payable (Credit) Payable Balance (Debit) Discount on Bonds Bond Payable Carrying Value (Credit)