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Bramble Company sells 8% bonds having a maturity value of $1,950,000 for $1,668,835. The bonds are dated January 1, 2020, and mature January 1.
Bramble Company sells 8% bonds having a maturity value of $1,950,000 for $1,668,835. The bonds are dated January 1, 2020, and mature January 1. 2025. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to O decimal places, eg 38,548) Schedule of Discount Amortization Straight-Line Method 20 20 $ 21 Cash Paid 156000 0 $ Interest Expense 0 $ 212233 Discount Amortized 0 $ 56233 Carrying Amount of Bonds 1668835 1612602.00 156000 212233 56233 1556369 22 22 5 233 156000 212233 56233 1500136 156000 212233 56233 1443903 24
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