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it View History Bookmarks People Window Help PLUS xf phisig social 18s ssued A xConnect-Class: Advanced Inc+ US Keso, Intermediate Accounting, 16e INTERMEDIATE ACCOUNTING (BA 311, 312, Gradebook ORION Dewnleadable Textbeak Exercise 14-6 Your answer is partially correct. Try again. maroah Company sells 10% bonds having . maturity value of $1,500,000 for $1,391,862. 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 & decimal places, g38,548) of Discount A Methed of Bonds Jan. 1, 2017 Jan. 1, 2018 Jan. 1, 2019 Jan. 1, 2020 Jan. 1, 2021 Jan. 1, 2022 Click if you would lske to Show Work for this question: c 1391 Sho Work

Explanation / Answer

Ex 14-6 (108138/5) Year Cash paid Interest expense Discount amortized Discount on bonds Carrying amount 1.1.2017 108138 1391862 1.1.2018 150000 128372 21628 86510 1413490 1.1.2019 150000 128372 21628 64883 1435117 1.1.2020 150000 128372 21628 43255 1456745 1.1.2021 150000 128372 21628 21628 1478372 1.1.2022 150000 128372 21628 0 1500000 750000 641862 108138

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