Explain why interest expense is greater than interest paid

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Reference no: EM131830787

Question: Presented below is the partial bond discount amortization schedule for Rohr Corp., which uses the effective-interest method of amortization.

Instructions: (a) Prepare the journal entry to record the payment of interest and the discount amortization at the end of period 1.

(b) Explain why interest expense is greater than interest paid.

Reference no: EM131830787

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