Question: Prepare an amortization schedule for the 1st 2 years (using straight line method) using the following data: On January 1, 2010, XYZ Co. issued 3,000,000,

Prepare an amortization schedule for the 1st 2 years (using straight line method) using the following data: On January 1, 2010, XYZ Co. issued 3,000,000, 6%, 10 year bonds, interest payable on june 30 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, Cash paid, Interest Expense, Amoritization, Bond Carry Value *Show how this bond would be reported on the balance sheet 12/31/11

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