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On January 1, 2020, Headland Company acquires $260,000 of Spiderman Products, Inc.9% bonds at a price of $247, 292. Interest is received on January 1

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On January 1, 2020, Headland Company acquires $260,000 of Spiderman Products, Inc.9% bonds at a price of $247, 292. Interest is received on January 1 of each year, and the bonds mature on January 1, 2023. The investment will provide Headland Company a 11% yield. The bonds are classified as held-to-maturity. (a) Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the straight-line method. (Round answers to decimal places, eg. 2,500.) Schedule of Interest Revenue and Bond Discount Amortization Straight-line Method Bond Purchased to Yield Interest Bond Discount Revenue Amortization Date Cash Received Carrying A of Bon 1/1/20 S 1/1/21 1/1 22 11/23

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