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Presented here is a partial amortization schedule for Alicante Company who sold 100,000, five year...

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Accounting

Presented here is a partial amortization schedule for Alicante Company who sold 100,000, five year 10% bonds on January 1, 2022 for 108,000 and uses annual straight-line amortization.

BOND AMORTIZATION SCHEDULE

Interest Period

Interest Paid

Interest Expense

Premium Amortization

Unamortized Premium

Bond Carrying Value

January 1, 2022

8,000

108,000

January 1, 2023

10,000

2,000

(iii)

(iv)

(v)

Fill in (i), (ii), (iii), (iv), and (v) cells.

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