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On January 1, 2018 Goldfinger Company issued a $300,000 Bond with a 5 year maturity and a stated interest rate of 9%. The bond sold
On January 1, 2018 Goldfinger Company issued a $300,000 Bond with a 5 year maturity and a stated interest rate of 9%. The bond sold at 95. Interest is payable on December 31 of each year. Based on this information what are the amounts of Cash paid, Discount Amortization and Interest Expense to be recorded at December 31, 2018? Cash Paid $27,000 Discount Amortization $1,350 Cash Paid $25,650 O Cash Paid $26,350 Discount Amortization S-O- Interest Expense $27.000 O Cash Paid $30,000 Discount Amortization $1,000 Interest Expense $29,000 Cash Paid $27.000 Discount Amortization $3,000 Interest Expense $30,000
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