Presented here is a partial amortization schedule for Roseland Company who sold $300,000, five year 10% bonds on January 1, 2014 for $318,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (iv)?
A) $16,200.
B) $10,800.
C) $21,600.
D) $14,400.

Question

Presented here is a partial amortization schedule for Roseland Company who sold $300,000, five year 10% bonds on January 1, 2014 for $318,000 and uses annual straight-line amortization.  Which of the following amounts should be shown in cell (iv)?
A) $16,200. 
B) $10,800. 
C) $21,600. 
D) $14,400.

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, 2014 for $318,000 and uses annual straight-line amortization.  Which of the following amounts should be shown in cell (iv)?
A) $16,200. 
B) $10,800. 
C) $21,600. 
D) $14,400.

Presented Here Is a Partial Amortization Schedule for Roseland Company