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Problem 9-93A (Algorithmic) Preparing a Bond Amortization Table (Straight Line) On January 1, 2021, Distel Company borrowed $27,100 by issuing 3-year, 8.5% bonds with a
Problem 9-93A (Algorithmic) Preparing a Bond Amortization Table (Straight Line) On January 1, 2021, Distel Company borrowed $27,100 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. Note: If an amount box does not require an entry, leave it blank and if the answer is zero, enter "O". Round all amounts to the nearest dollar. And, if necessary, round final year to complete the amortization Distel Company Amortization Table Cash Payment Interest Expense Pemium on Bonds Payable Premium on Bonds Payable Carrying Period Credit) At issue 12/31/21 12/31/22 12/31/23 (Debit) (Debit) Balance Value
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