On January 1, 2021, $2,000,000 of 10-year, 10% bonds, were issued for $1,946,000.Interest is paid annually on January 1.If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is

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The Answer of On January 1, 2021, $2,000,000 of 10-year, 10% bonds, were issued for $1,946,000.Interest is paid annually on January 1.If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is

On January 1, 2021, $2,000,000 of 10-Year, 10% Bonds, Were