Presented below is a partial amortization schedule for Discount Foods: $$\begin{array} { c c c c c }
( 1 ) & ( 2 ) & ( 3 ) & ( 4 ) & ( \mathbf { 5 } ) \
\text { Period } & \text { Cash } & \begin{array} { c }
\text { Interest } \
\text { Paid }
\end{array} & \begin{array} { c }
\text { Increase in } \
\text { Carpense }
\end{array} & \begin{array} { c }
\text { Carrying } \
\text { Value }
\end{array} \
\text { Issue date } & & & & \$ 74,564 \
1 & \$ 2,800 & \$ 2,983 & \$ 183 & 74,747 \
2 & 2,800 & 2,990 & 190 & 74,937
\end{array}$$ 1. Record the bond issue.
2. Record the first interest payment.

Question

Presented below is a partial amortization schedule for Discount Foods: $$\begin{array} { c c c c c } 
( 1 ) & ( 2 ) & ( 3 ) & ( 4 ) & ( \mathbf { 5 } ) \
\text { Period } & \text { Cash } & \begin{array} { c } 
\text { Interest } \
\text { Paid }
\end{array} & \begin{array} { c } 
\text { Increase in } \
\text { Carpense }
\end{array} & \begin{array} { c } 
\text { Carrying } \
\text { Value }
\end{array} \
\text { Issue date } & & & & \$ 74,564 \
1 & \$ 2,800 & \$ 2,983 & \$ 183 & 74,747 \
2 & 2,800 & 2,990 & 190 & 74,937
\end{array}$$ 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 Discount Foods: $$\begin{array} { c c c c c } 
( 1 ) & ( 2 ) & ( 3 ) & ( 4 ) & ( \mathbf { 5 } ) \
\text { Period } & \text { Cash } & \begin{array} { c } 
\text { Interest } \
\text { Paid }
\end{array} & \begin{array} { c } 
\text { Increase in } \
\text { Carpense }
\end{array} & \begin{array} { c } 
\text { Carrying } \
\text { Value }
\end{array} \
\text { Issue date } & & & & \$ 74,564 \
1 & \$ 2,800 & \$ 2,983 & \$ 183 & 74,747 \
2 & 2,800 & 2,990 & 190 & 74,937
\end{array}$$ 1. Record the bond issue.
2. Record the first interest payment.

Presented Below Is a Partial Amortization Schedule for Discount Foods