Question: Required information Exercise 10-9 Straight-Line: Bond computations, amortization, and bond retirement LO P2, P4 The following information applies to the questions displayed below. On January

 Required information Exercise 10-9 Straight-Line: Bond computations, amortization, and bond retirement

Required information Exercise 10-9 Straight-Line: Bond computations, amortization, and bond retirement LO P2, P4 The following information applies to the questions displayed below. On January 1, 2017, Shay issues $420,000 of 9%, 12-year bonds at a price of 9725, Six years later, on January 1, 2023, Shay retires 20% of these bonds by buying them on the open market at 104.50. All interest is accounted for and paid through December 31, 2022, the day before the purchase. The straight-line method is used to amortize any bond discount. xercise 10-9 Part 3 . How much amortization of the discount is recorded on the bonds for the entire period from January 1, 2017, through December 3 2022

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