Question: help please Current Attempt in Progress Tamarisk, Inc. sold $3,400,000,5%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest
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Current Attempt in Progress Tamarisk, Inc. sold $3,400,000,5%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Tamarisk, Inc. uses the straight-line method to amortize bond premium or discount. The bonds were sold at 104. Annual Interest Periods Interest Expense to Be Recorded Interest to Be Paid Premium Amortization Unamortized Issue date $ 1 $ 170000 $ ta 2 170000 3 170000 4 170000 Interest Expense to Be Recorded Premium Amortization Unamortized Premium Bond Carrying Value ta ta ta $ ta
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