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Schedule of interest expense and discount amortization

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Reference no: EM13538533

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 amortization under the straight-line method.

Reference no: EM13538533

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