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Current Attempt in Progress Sweet Company sells 9% bonds having a maturity value of $1,790,000 for $1,596,430. The bonds are dated January 1, 2020,
Current Attempt in Progress Sweet Company sells 9% bonds having a maturity value of $1,790,000 for $1,596,430. 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, e.g. 38,548.) ear an. Cash Paid 020 in. 021 an. 022 an. 023 an. 024 F in. 025 +A $ Schedule of Discount Amortization Straight-Line Method Interest Expense $ Discount Amortized $ CA Carrying Amount of Bonds 1596430 1790000
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