E12-19 (Amortization Schedule -- Straightline Interest) Dan Majerle Company sells 10% bonds having a maturity...
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E12-19 (Amortization Schedule -- Straightline Interest) Dan Majerle Company sells 10% bonds having a maturity value of $2,000,000 for $1,855,816. The bonds are dated January 1, 2008, and mature January 1, 2013. Interest is payable annually on January 1.
INSTRUCTIONS
Set up a schedule of interest expense and discount ammortization under the straightline method.
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