Home / Questions / Presented below is a partial amortization schedule for Discount Foods
Presented below is a partial amortization schedule for Discount Foods:
(1)
Period |
(2) Cash Paid |
(3) Interest Expense |
(4) Increase in Carrying Value |
(5) Carrying Value |
Issue date |
|
|
|
$74,564 |
1 |
$2,800 |
$2,983 |
$183 |
74,747 |
2 |
2,800 |
2,990 |
190 |
74,937 |
1. Record the bond issue.
2. Record the first interest payment.
143. Presented below is a partial amortization schedule for Premium Foods:
(1)
Period |
(2) Cash Paid |
(3) Interest Expense |
(4) Decrease in Carrying Value |
(5) Carrying Value |
Issue date |
|
|
|
$85,951 |
1 |
$2,800 |
$2,579 |
$221 |
85,730 |
2 |
2,800 |
2,572 |
228 |
85,502 |
1. Record the bond issue.
2. Record the first interest payment.
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