Presented below is a partial amortization schedule for Premium Foods:
$\begin{array}{ccccc}(1)&(2)&(3)&(4)&(5)\
& \text { Cash } & \text { Interest } & \text { Decrease in } & \text { Carrying } \
\text { Period }& \text { Paid }& \text { Expense }&\text { Carrying Value }& \text { Value }\
\text { Issue date } & & & & 85,951 \
1 & \$ 2,800 & \$ 2,579 & \$ 221 & 85,730 \
2 & 2,800 & 2,572 & 228 & 85,958
\end{array}$
1.Record the bond issue.
2.Record the first interest payment.

Question

Presented below is a partial amortization schedule for Premium Foods:
$\begin{array}{ccccc}(1)&(2)&(3)&(4)&(5)\
 & \text { Cash } & \text { Interest } & \text { Decrease in } & \text { Carrying } \
\text { Period }& \text { Paid }& \text { Expense }&\text { Carrying Value }& \text { Value }\
\text { Issue date } & & & & 85,951 \
1 & \$ 2,800 & \$ 2,579 & \$ 221 & 85,730 \
2 & 2,800 & 2,572 & 228 & 85,958
\end{array}$
1.Record the bond issue.
2.Record the first interest payment.

Quizplus · Accepted Answer

The Answer of Presented below is a partial amortization schedule for Premium Foods:
$\begin{array}{ccccc}(1)&(2)&(3)&(4)&(5)\
 & \text { Cash } & \text { Interest } & \text { Decrease in } & \text { Carrying } \
\text { Period }& \text { Paid }& \text { Expense }&\text { Carrying Value }& \text { Value }\
\text { Issue date } & & & & 85,951 \
1 & \$ 2,800 & \$ 2,579 & \$ 221 & 85,730 \
2 & 2,800 & 2,572 & 228 & 85,958
\end{array}$
1.Record the bond issue.
2.Record the first interest payment.

Presented Below Is a Partial Amortization Schedule for Premium Foods