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Marigold Company sells 9% bonds having a maturity value of $2,180,000 for $1,944,255. The bonds are dated January 1, 2020, and mature January 1,
Marigold Company sells 9% bonds having a maturity value of $2,180,000 for $1,944,255. 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, eg 38,548.) Year Jan 1. $ 2020 Jan 1 2021 Jan 1. 2022 Jan 1 2023 Jan Schedule of Discount Amortization Straight-Line Method Cash Interest Pald Expense Discount Amortized Carrying Amount of Bondi 21122 Jan 5023 Jan 1. 2004 Jan 3. 2025 eTextbook and Media
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