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Skysong, Inc. sold $2,400,000,5%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Skysong, Inc.
Skysong, Inc. sold $2,400,000,5%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Skysong, Inc. uses the straight-line method to amortize bond premium or discount. The bonds were sold at 105. Prepare a bond premium amortization schedule for the first four interest periods. nnual terest eriods Interest Expense to Be Recorded Interest to Be Paid Premium Amortization Unamortized je date $ 1 $ $ $ 2 3 4
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