Sheridan College Northern Wyoming Commitelles Do Introduction This is the fourth in a series of exercises designed to assist you in building and applying your accounting knowledge. Though the structure and composition may differ, almost all companies have both current and long-term liabilities. Knowing how to account for these liabilities and related transactions is essential. Assignment ACCT 2010: Accounting I Exercise # 4 Pl. Vieques Corporation sells scenic sightseeing trips to rural towns in Puerto Rico. Over the last several years, the company has become interested in purchasing a used airplane. Instead of issuing common stock, the company decides to issue bonds. The company issued $1,000,000 of 8% three-year bonds at 97 on January 1, 2018. Interest is paid semiannually on January 1 and July 1. Vieques Corporation uses the straight-line method of amortization. The corporation would like to better understand the bond issue. Using the table below as a guide, calculate the interest expense, amortization of