Problem 9-93A (Algorithmic) Preparing a Bond Amortization Table (Straight Line) On January 1, 2021, Distel...
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Problem 9-93A (Algorithmic) Preparing a Bond Amortization Table (Straight Line) On January 1, 2021, Distel Company borrowed $25,900 by issuing 3-year, 6.5bonds with a face amount of $25,000. Interest is paid annually on December 31. Required: Prepare an amortization table Note: If an amount box does not require an entry leave it blank and if the answer is zero, entero Round all amounts to the nearest dollar. And, if necessary, round final year to complete the amortization Distel Company Amortization Table Period Cash Payment (Credit) Interest Expense (Debit) Premium on Bonds Payable (Debit) Premium on Bonds Payable Balance Carrying Value At issue 12/31/21 12/31/22 12/31/23
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