16)Sandhill Co. issued $2320000 of 6%, 5-year bonds at 97. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date? $146160 $139200 $69600 $153120

17)

Sandhill Co. issued $1880000 of 6%, 5-year bonds at 97, which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds?

$507600

$564000

$535800

$620400

15) Sheridan Company received proceeds of $507500 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $480000, pay interest annually on December 31, and have a call price of 104. Sheridan uses the straight-line method of amortization. What is the carrying value of the bonds on December 31, 2021?

$458000

$480000

$504750

$502000