On December 31, 2013, Crown Co. paid cash for interest on bonds it had issued on January 1, 2013 at 98, and amortized part of the discount on bonds. Crown Co. uses the effective interest method of amortizing bond discounts. Indicate the effects of the amortization of the discount only.

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The Answer of On December 31, 2013, Crown Co. paid cash for interest on bonds it had issued on January 1, 2013 at 98, and amortized part of the discount on bonds. Crown Co. uses the effective interest method of amortizing bond discounts. Indicate the effects of the amortization of the discount only.