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Exercise 14-06 Sweet Company sells 10% bonds having a maturity value of $1,900,000 for $1,763,025. The bonds are dated January 1, 2020, and mature
Exercise 14-06 Sweet Company sells 10% bonds having a maturity value of $1,900,000 for $1,763,025. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on Januar 1. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 0 decimal places, a.g. 38,548.) Schedule of Discount Amortization Year Jan. 1, 2020 Cash Paid $ Jan. 1, 2021 Jan. 1, 2022 Jan. 1, 2023 Jan. 1, 2024 Jan 1, 2025 190000 190000 190000 190000 190000 Straight-Line Method Interest Expense Discount Amortized Carrying Amount of Bonds 1763025 Click if you would like to Show Work for this question: Open Show Work
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