Chapter 22 Question 19 (Part Level Submission) On January 2, 2017, $100,000 of 12%, 10-year...
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Chapter 22 Question 19 (Part Level Submission) On January 2, 2017, $100,000 of 12%, 10-year bonds were issued for $96,700. The $3,300 discount was charged to Interest Expense. The bookkeeper, Mark Landis, records interest only on the interest payment dates of January 1 and July 1. (a1) What is the effect on reported net income for 2017 of this error, assuming straight-line amortization of the discount? (a2) The parts of this question must be completed in order. This part will be available when you complete the part above.
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