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Que Tamarisk Company sells 9% bonds having a maturity value of $5,700,000 for $6,420,314. The bonds are dated January 1, 2020, and mature January
Que Tamarisk Company sells 9% bonds having a maturity value of $5,700,000 for $6,420,314. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Set up a schedule of interest expense and premium amortization under the straight-line method. (Round answers to O decimal places, e.g 38,548) Acco- Que Accou sar Interest Payable 2020 $ $ 1.2020 513,000 1,2021 513,000 1.2022 513,000 1,2023 513,000 1,2024 $13,000 eTextbook and Media Schedule of Premium Amortization Straight-Line Method Interest Expense 0 Premium Amortized MacBook Air View Accou Carrying Amount of Bonds Quest Account 0 $ 6,420,31 Quest Accounti Questi Accountin Questic Accounting
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