Question: Preparing a Bond Amortization Table (Straight Line) On January 1, 2025, Distel Company borrowed $27,000 by issuing 3-year, 8.5% bonds with a face amount of

Preparing a Bond Amortization Table (Straight Line) On January 1, 2025, Distel Company borrowed $27,000 by issuing 3-year, 8.5% bonds with a face amount of $25,000. Interest is paid annually on December 31. Required: Prepare an amortization table. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". Round to the nearest dollar and if necessary, round final year to amortize full amount of premium. Distel Company Amortization Table Cash Interest Payment Expense (Credit) (Debit) Premium on Premium on Period Bonds Payable Bonds Payable (Debit) Carrying Balance Value At issue $ 2,000 27,000 12/31/25 2,125 1,333 X 667 667 X 12/31/26 2,125 1,333 X 667 12/31/27 2,125 1,333 X 667 < 668 X 0 26,667 X 25,834 X 25,000

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