Period cash payment-discount on bonds payable

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Reference no: EM131065660

On December 31, 2013, Drew Company issued $350,000, 5-year bonds for $320,000. The stated rate of interest was 7% and interest is paid annually on December 31. Required: Hide Prepare the amortization table for Drew Company's bonds. If an amount box does not require an entry, leave it blank or enter "0". Drew Company Amortization Table Period Cash Payment (Credit) Interest Expense (Debit) Discount on Bonds Payable (Credit) Discount on Bonds Payable Balance Carrying Value At issue $ $ $ $ $ 12/31/14 12/31/15 12/31/16 12/31/17 12/31/18

Reference no: EM131065660

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