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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