Presented here is a partial amortization schedule for Roseland Company who sold $300,000, five year 10% bonds on January 1, 2017 for $312,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (ii)?
A) $32,400
B) $27,600
C) $31,200
D) $28,800

Question

Presented here is a partial amortization schedule for Roseland Company who sold $300,000, five year 10% bonds on January 1, 2017 for $312,000 and uses annual straight-line amortization.  Which of the following amounts should be shown in cell (ii)?
A) $32,400 
B) $27,600 
C) $31,200 
D) $28,800

Quizplus · Accepted Answer

The Answer of Presented here is a partial amortization schedule for Roseland Company who sold $300,000, five year 10% bonds on January 1, 2017 for $312,000 and uses annual straight-line amortization.  Which of the following amounts should be shown in cell (ii)?
A) $32,400 
B) $27,600 
C) $31,200 
D) $28,800

Presented Here Is a Partial Amortization Schedule for Roseland Company