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Sheridan Company received proceeds of $507500 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $480000, pay interest
Sheridan Company received proceeds of $507500 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $480000, pay interest annually on December 31, and have a call price of 104. Sheridan uses the straight-line method of amortization. What is the carrying value of the bonds on December 31, 2021? O $458000 O $480000 O $504750 O $502000 Sandhill Co. issued $2320000 of 6%, 5-year bonds at 97. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date? $146160 $139200 O $69600 O $153120 Sandhill Co. issued $1880000 of 6%, 5-year bonds at 97. which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds? O $507600 $564000 O $535800 O $620400 Sheridan Company received proceeds of $507500 on 10-year, 8% bonds issued on January 1, 2019. The bonds had a face value of $480000, pay interest annually on December 31, and have a call price of 104. Sheridan uses the straight-line method of amortization. What is the carrying value of the bonds on December 31, 2021? O $458000 O $480000 O $504750 O $502000 Sandhill Co. issued $2320000 of 6%, 5-year bonds at 97. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date? $146160 $139200 O $69600 O $153120 Sandhill Co. issued $1880000 of 6%, 5-year bonds at 97. which pay interest annually. Assuming straight-line amortization, what is the total interest cost of the bonds? O $507600 $564000 O $535800 O $620400
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