Question
Paris Electric sold $3,300,000, 8%, 10-year bonds on January 1, 2017. The bonds were dated January 1 and pay interest annually on January 1. Paris
Paris Electric sold $3,300,000, 8%, 10-year bonds on January 1, 2017. The bonds were dated January 1 and pay interest annually on January 1. Paris Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 104.
Prepare a bond premium amortization schedule for the first 4 interest periods.
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Auditing A Risk Based Approach
Authors: Karla M Johnstone-Zehms, Audrey A. Gramling, Larry E. Rittenberg
12th Edition
035772187X, 978-0357721872
