Current Attempt in Progress\ Sheridan Corporation issued

$580,000

of

7%,10

-year bonds on January 1,2023 , at face value. The bonds require annual interest payments each December 31 . Costs associated with the bond issuance were

$25,000

. Sheridan follows ASPE and uses the straight-line method to amortize bond issue costs.

Sheridan Corporation issued $580,000 of 7%,10-year bonds on January 1,2023 , at face value. The bonds require annual interest payments each December 31. Costs associated with the bond issuance were $25,000. Sheridan follows ASPE and uses the straight-line method to amortize bond issue costs