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Preparing a Bond Amortization Table (Straight Line) Sonoma Company, issued 5-year, 9.2% bonds with a total face value of $500,000 on January 1, for
Preparing a Bond Amortization Table (Straight Line) Sonoma Company, issued 5-year, 9.2% bonds with a total face value of $500,000 on January 1, for $481,000. The bonds pay interest on June 30 and December 31 of each year. Required: 1. Prepare an amortization table. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". Sonoma Company Amortization Table Cash Interest Discount on Discount on Balance Payment Expense Bonds Payable Bonds Payable Carrying (Credit) Value (Credit) (Debit) Period At issue 6/30/20 12/31/20 6/30/211 12/31/21 6/30/22 12/31/22 6/30/23 12/31/23 6/30/24 12/31/24
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