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Discount amortization under the straight-line method

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Reference no: EM131772024

Sarasota Company sells 10% bonds having a maturity value of $1,500,000 for $1,391,862. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1.

Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 0 decimal places, e.g. 38,548.)

Reference no: EM131772024

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