The amortization of a bond premium will result in reporting an amount of interest expense for an interest period that equals the amount of cash to be paid for interest for the period. has no predictable relationship with the amount of cash to be paid for interest for the period.

is less than the amount of cash to be paid for interest for the period. exceeds the amount of cash to be paid for interest for the period.

The following totals for the month of April were taken from the payroll records of Sheridan Company.

Salaries	$100800
FICA taxes withheld	7710
Income taxes withheld	21000
Medical insurance deductions	3800
Federal unemployment taxes	270
State unemployment taxes	1810

The entry to record accrual of employer’s payroll taxes would include a

debit to Payroll Tax Expense for $9790.

debit to Payroll Tax Expense for $2080.

credit to Payroll Tax Expense for $2080.

credit to FICA Taxes Payable for $15420.

Wildhorse Co. issued $2480000 of 6%, 5-year bonds at 99. Assuming straight-line amortization and annual interest payments, how much bond interest expense is recorded on the next interest date?

$74400

$148800

$153760

$151280