142. Presented below is a partial amortization schedule for Discount Foods:
(1)
Period
(2)
Cash
Paid
(3)
Interest
Expense
(4)
Increase in
Carrying Value
(5)
Carrying
Value
Issue date
$74,564
1
$2,800
$2,983
$183
74,747
2
2,800
2,990
190
74,937
1. Record the bond issue.
2. Record the first interest payment.
143. Presented below is a partial amortization schedule for Premium Foods:
Decrease in
$85,951
$2,579
$221
85,730
2,572
228
85,502
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