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Debt Issued at a Premium (Straight Line) On January 1, 2020, Ironman Steel issued $350,000, 8-year bonds for $364,000. The stated rate of interest was
Debt Issued at a Premium (Straight Line) On January 1, 2020, Ironman Steel issued $350,000, 8-year bonds for $364,000. The stated rate of interest was 11% and interest is paid annually on December 31 Required Prepare the amortization table for Ironman Steel's bonds. If required, round your answers to nearest whole value. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "O". Tronman Steel Amortization Table Period Cash Payment (Credit) Interest Expense (Debit) Premium on Bonds Payable (Debit) Premum on Bonds Payable Balance Carrying Value At issue 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24 12/31/25 12/31/26 12/31/27
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