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Preparing a Bond Amortization Table (Straight Line) On January 1, 2025, Distel Company borrowed $27,500 by issuing 3-year, 8.5% bonds with a face amount of
Preparing a Bond Amortization Table (Straight Line) On January 1, 2025, Distel Company borrowed $27,500 by issuing 3-year, 8.5% bonds with a face amount of $25,000. Interest is paid annually on December 31. Required: Prepare an amortization table. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". Round to the nearest dollar and if necessary, round final year to amortize full amount of premium. Period At issue 12/31/25 12/31/26 12/31/27 Distel Company Amortization Table Cash Interest Premium on (Debit) Premium on Payment Expense Bonds Payable Bonds Payable Carrying (Credit) (Debit) Balance Value
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