Question: 1. Prepare an AMORTIZATION schedule for the 1st two years (straight line method) using the following data: (A) On January 1, 2010 XYZ Company issued

1. Prepare an AMORTIZATION schedule for the 1st two years (straight line method) using the following data: (A) On January 1, 2010 XYZ Company issued $3,000,000, 6% -10 year bonds, interest payable on June 30th and December 31st to yield 5%. Use the following format and round to the nearest dollar. The bonds were issued for $3,233,834. (Date ) (Cashpaid) (Interest expense) (Amortization) (Bond Carry value) (b) Show how tihs bond would be reported on the balance sheet on 12/31/11

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