Skysong Company sells 10% bonds having a maturity value of$2,150,000 for $1,995,003. The bonds are dated January 1, 2017, andmature January 1, 2022. Interest is payable annually on January1.
Set up a schedule of interest expense and discount amortizationunder the straight-line method.
Exercise 14-6 Skysong Company sells 10% bonds having a maturity value of $2,150,000 for $1,995,003. The bonds are dated January 1, 2017, and mature January 1, 2022. 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 0 decimal places, e.g. 38,548.) Schedule of Discount Amortization Straight Line Method Carrying Cash Discount Interest Paid Amortized Amount of Bonds Expense ear Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Jan 2022 Show transcribed image text Exercise 14-6 Skysong Company sells 10% bonds having a maturity value of $2,150,000 for $1,995,003. The bonds are dated January 1, 2017, and mature January 1, 2022. 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 0 decimal places, e.g. 38,548.) Schedule of Discount Amortization Straight Line Method Carrying Cash Discount Interest Paid Amortized Amount of Bonds Expense ear Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 Jan 2022
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