On January 31, 2021, Dogwood Logistics, Inc., issued five-year, 5% bonds payable with a face value of $11,000,000. The bonds were issued at 95 and pay interest on January 31 and July 31. Dogwood Logistics amortizes bond discounts using the straight-line method. Read the requirement.

On January 31, 2021, Dogwood Logistics, Inc, issued five-year, 5% bonds payablo with a faco value of $11,000,000. The bonds were issued at 95 and pay irierest on January 31 and July 31 . Dogwood Logistics arnortizes bond discounts using the straight-line method. Read the requirement. On January 31, 2021, Dogwood Logistics, Inc, issued five-year, 5% bonds payablo with a faco value of $11,000,000. The bonds were issued at 95 and pay irierest on January 31 and July 31 . Dogwood Logistics arnortizes bond discounts using the straight-line method. Read the requirement