Question: Cornerstone Exercise 9-27 (Algorithmic) Debt Issued at Discount (Straight Line) On January 1, 2020, Drew Company issued $1,550,000, 5 year bonds for $1,395,000. The stated

Cornerstone Exercise 9-27 (Algorithmic) Debt Issued at Discount (Straight Line) On January 1, 2020, Drew Company issued $1,550,000, 5 year bonds for $1,395,000. The stated rate of interest was 8% and interest is pard annually on December 31. Required: Prepare the amortization table for Drew Company's bord. If an amount box does not require an entry, leave it blank and if the answer is zero, enter"O". Drew Company Amation Table Ons went (Credit) Interest Expense (Debit) Discount on Bonds Payable (Credit) Discount on Bonds Payable Balance Carrying Value 12/31/20 12/31/21 12/31/22 12/31/23 12/31/24

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