Question: missing interest expense and its not 93000 Cornerstone Exercise 27 (Algorithmic) Debt Issued at Discount (Str.ght Line) On January 1, 2020, Drew Company issued $1,550,000,

missing interest expense and its not 93000 missing interest expense and its not 93000 Cornerstone Exercise 27 (Algorithmic) Debt

Cornerstone Exercise 27 (Algorithmic) Debt Issued at Discount (Str.ght Line) On January 1, 2020, Drew Company issued $1,550,000, 5 year bands for $1.395.000. The stated rote interest was and interest is paid annually on December 31 Required Prepare that mortization table for Drew Company's bonds. If an amount box does not require an entry, leave it Bank and the answer is zero, entero". Drew Company Amortization Table Herod AL 12/31/20 12/31/21 Cash Payment (Credit) Interest Expense (Debit) Discount on tonds Payable (edit) Discount on Bonds Payable Balance Carrying Value 155.000 1,395,000 120.000 31.000 124.000 1420.000 124.000 31.000 93,000 1457.000 124.000 31,000 62,000 18.000 124.000 31,000 31,000 1519.000 124.000 31.000 1,550,000 12/31/22 12/31/23 12/31/24 F O Wor Anorantates the proper of bond primum oct They are particularly when the effective interest rate mot is used however the remains the discouring the white method Cuck My Work

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