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Using the data in the following table, how much bond amortization was recorded for the 4th interest period? Effective-Interest Amortization Table Bond at Interest Period Interest Payment Interest Expense Amortized Cost 0. 53,897.29 1,500.00 1,347.43 53,744.72 2 1,500.00 1,343.62 53,588.34. 3 1,500.00 1,339.71 53,428.05 4. 1,500.00 1,335.70 53,263.75 1,500.00 1,331.59 53,095.34 6. 1,500.00 1,327.38 52,922.73 Select one: a. $1,335.70 b. $53,263.75 c. $1,500.00

Using the data in the following table, how much bond amortization was recorded for the 4th interest period? Effective-Interest Amortization Table Bond at Interest Period Interest Payment Interest Expense Amortized Cost 0. 53,897.29 1,500.00 1,347.43 53,744.72 2 1,500.00 1,343.62 53,588.34. 3 1,500.00 1,339.71 53,428.05 4. 1,500.00 1,335.70 53,263.75 1,500.00 1,331.59 53,095.34 6. 1,500.00 1,327.38 52,922.73 Select one: a. $1,335.70 b. $53,263.75 c. $1,500.00

FINANCIAL ACCOUNTING
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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Using the data in the following table, how much bond amortization was recorded for the 4th interest period? Effective-Interest Amortization Table Bond at Interest Period Interest Payment Interest Expense Amortized Cost 53,897.29 1 1,500.00 1,347.43 53,744.72 1,500.00 1,343.62 53,588.34 3. 1,500.00 1,339.71 * 53,428.05 4 1,500.00 1,335.70 53,263.75 1,500.00 1,331.59 53,095.34 6. 1,500.00 1,327.38 52,922.73 Select one: a. $1,335.70 b. $53,263.75 c. $1,500.00 44°F e to search 2.
Transcribed Image Text:Using the data in the following table, how much bond amortization was recorded for the 4th interest period? Effective-Interest Amortization Table Bond at Interest Period Interest Payment Interest Expense Amortized Cost 53,897.29 1 1,500.00 1,347.43 53,744.72 1,500.00 1,343.62 53,588.34 3. 1,500.00 1,339.71 * 53,428.05 4 1,500.00 1,335.70 53,263.75 1,500.00 1,331.59 53,095.34 6. 1,500.00 1,327.38 52,922.73 Select one: a. $1,335.70 b. $53,263.75 c. $1,500.00 44°F e to search 2.
Interest Period Interest Payment Interest Expense Amortized Cost 0. 53,897.29 1,500.00 1,347.43 53,744.72 2 1,500.00 1,343.62 53,588.34 3. 1,500.00 1,339.71 53,428.05 4 1,500.00 1,335.70 53,263.75 1,500.00 1,331.59 53,095.34 6. 1,500.00 1,327.38 52,922.73 Select one: a. $1,335.70 b. $53;263.75 c. $1,500.00 d. $164.30
Transcribed Image Text:Interest Period Interest Payment Interest Expense Amortized Cost 0. 53,897.29 1,500.00 1,347.43 53,744.72 2 1,500.00 1,343.62 53,588.34 3. 1,500.00 1,339.71 53,428.05 4 1,500.00 1,335.70 53,263.75 1,500.00 1,331.59 53,095.34 6. 1,500.00 1,327.38 52,922.73 Select one: a. $1,335.70 b. $53;263.75 c. $1,500.00 d. $164.30
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