Presented here is a partial amortization schedule for Courtney Company who sold $200,000, five year 10% bonds on January 1, 2010 for $208,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (ii)?
A) $21,600
B) $18,400
C) $20,800
D) $19,200

Question

Presented here is a partial amortization schedule for Courtney Company who sold $200,000, five year 10% bonds on January 1, 2010 for $208,000 and uses annual straight-line amortization.  Which of the following amounts should be shown in cell (ii)?
A) $21,600 
B) $18,400 
C) $20,800 
D) $19,200

Quizplus · Accepted Answer

The Answer of Presented here is a partial amortization schedule for Courtney Company who sold $200,000, five year 10% bonds on January 1, 2010 for $208,000 and uses annual straight-line amortization.  Which of the following amounts should be shown in cell (ii)?
A) $21,600 
B) $18,400 
C) $20,800 
D) $19,200

Presented Here Is a Partial Amortization Schedule for Courtney Company