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Filius Flitwick Co. issued callable bonds on January 1, 2021. The following is an amortization schedule for the bonds: Cash interest Interest expense Decrease in
Filius Flitwick Co. issued callable bonds on January 1, 2021. The following is an amortization schedule for the bonds: Cash interest Interest expense Decrease in balance Date 1/1/2021 6/30/2021 12/31/2021 6/30/2022 12/31/2022 6/30/2023 12/31/2023 6/30/2024 12/31/2024 $7,000 7,000 7,000 7,000 7,000 7,000 7,000 7,000 $6,211 6,187 6,163 6,137 6,112 6,085 6,057 6,029 $789 813 837 863 888 915 943 971 Outstanding balance $207,020 206,230 205, 417 204,580 203, 717 202,829 201,913 200,971 200,000 Were these bonds issued at a premium, discount or at face amount? Multiple Choice Connot be determined from the given information Multiple Choice Cannot be determined from the given information At a premium At face amount At a discount
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