Question: On July 1 , Year 1 , Dean Co . issued, at a premium, bonds with a due date of July 1 , Year 6

On July 1, Year 1, Dean Co. issued, at a premium, bonds with a due date of July1, Year6. Dean incorrectly used the straight-line method instead of the effective interest method to amortize the premium. How were the following amounts affected by the error at June30, Year6?

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