Question: Presented below is a partial amortization schedule for Premium Foods: Period Issue Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value $85,959

Presented below is a partial amortization schedule for Premium Foods: Period Issue

Presented below is a partial amortization schedule for Premium Foods: Period Issue Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value $85,959 1 $2,900 $2,586 $314 85,645 2 2,900 2,578 322 85,323 (1) Record the bond issue assuming the face value of bonds payable is $76,000. (2) Record the first interest payment.

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