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Stellar Company sells 10% bonds having a maturity value of $2,170,000 for $2,013,560. The bonds are dated January 1, 2020, and mature January 1,
Stellar Company sells 10% bonds having a maturity value of $2,170,000 for $2,013,560. 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 discount amortization under the straight-line method. (Round answers to O decimal places, e.g. 38,548.) Cash Paid 161100 $ Schedule of Discount Amortization Straight-Line Method Interest Expense i Discount Amortized 199.814 38714 $ Carrying Amount of Bonds 159630 1635144 161100 199.814 38714 1673858 161100 199.814 38714 1712572 161100 199.814 38714 1751286
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