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Set schedule of interest expense and discount amortization

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Question - Skysong Company sells 8% bonds having a maturity value of $2,350,000 for $2,011,160. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method?

Reference no: EM132837929

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