Presented here is a partial amortization schedule for Waterway Industries who sold $102000, five year 10% bonds on January 1, 2019 for $110000 and uses annual straight-line amortization. BOND AMORTIZATION SCHEDULE Interest Period Interest Interest Premium Unamortized Bond Paid Expense Amortization Premium Carrying Value January 1, $8000 $110000 2019 January 1, (i) (ii) (ii) (iv) (v) 2020 Which of the following amounts should be shown in cell (i)? $10200 $2200 O $11800 O $11000

Presented here is a partial amortization schedule for Waterway Industries who sold $102000, five year 10% bonds on January 1, 2019 for $110000 and uses annual straight-line amortization. BOND AMORTIZATION SCHEDULE Interest Period Interest Interest Premium Unamortized Bond Paid Expense Amortization Premium Carrying Value January 1, $8000 $110000 2019 January 1, (i) (ii) (ii) (iv) (v) 2020 Which of the following amounts should be shown in cell (i)? $10200 $2200 O $11800 O $11000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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