(Amortization SchedulesStraight-line) Devon Harris Company sells 10% bonds having a maturity value of $2,000,000 for $1,855,816. The...
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(Amortization Schedules—Straight-line) Devon Harris Company sells 10% bonds having a maturity value of $2,000,000 for $1,855,816. The bonds are dated January 1, 2007, and mature January 1, 2012. Interest is payable annually on January 1.
Instructions Set up a schedule of interest expense and discount amortization under the straight-line method.
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Related Book For 
Intermediate Accounting
ISBN: 9780471448969
11th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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