Exercise 9-82 (Algorithmic) Interest Payments and Interest Expense for Bonds (Straight-Line) On December 31, 2022,...
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Exercise 9-82 (Algorithmic) Interest Payments and Interest Expense for Bonds (Straight-Line) On December 31, 2022, Perlman Corporation issued bonds with a total face amount of $723,000 and a stated rate of 7%. Required: 1. Calculate the interest expense for 2023 if the bonds were sold at face value. $ 2. Calculate the interest expense for 2023 if the bonds were sold at a premium and the straight-line premium amortization for 2023 is $8,000. $ 3. Calculate the interest expense for 2023 if the bonds were sold at a discount and the straight-line discount amortization for 2023 is $6,000
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