Anthony Walker Company sells 8% bonds having a maturity value of $2,350,000 for $2,011,160. The bonds...

 

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Anthony Walker Company sells 8% bonds having a maturity value of $2,350,000 for $2,011,160. The bonds are dated January 1, 2025, and mature January 1, 2030. Interest is payable annually on January 1. Click here to view factor tables. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 2 decimal places, e.g. 38,548.25.) Cash Year Paid Jan. 1. 2025 Jan. 1, 2026 Jan. 1, 2027 Jan. 1, 2028 Jan. 1. 2029 Jan. 1, 2030 +A Schedule of Discount Amortization Straight-Line Method Interest Expense Discount Amortized $ Carrying Value of Bonds Anthony Walker Company sells 8% bonds having a maturity value of $2,350,000 for $2,011,160. The bonds are dated January 1, 2025, and mature January 1, 2030. Interest is payable annually on January 1. Click here to view factor tables. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 2 decimal places, e.g. 38,548.25.) Cash Year Paid Jan. 1. 2025 Jan. 1, 2026 Jan. 1, 2027 Jan. 1, 2028 Jan. 1. 2029 Jan. 1, 2030 +A Schedule of Discount Amortization Straight-Line Method Interest Expense Discount Amortized $ Carrying Value of Bonds