Question: Devon Harris Company sells 10% bonds having a maturity value of $2,000,000 for $1,855,816. The bonds are dated January 1, 2014, and mature January 1,

Devon Harris Company sells 10% bonds having a value of $2,000,000 for $1,855,816. The bonds are dated January 1, 2014, and mature January 1, 2019.
Interest is payable annually on January 1.
Instructions
Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to the nearest cent.)

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