Question: Sheffield Corp. sold $ 3 , 5 0 0 , 0 0 0 , 4 % , 1 0 - year bonds on January 1

Sheffield Corp. sold $3,500,000,4%,10-year bonds on January 1,2022. The bonds were dated January 1 and pay interest annually on January 1. Sheffield Corp. uses the straight-line method to amortize bond premium or discount. The bonds were sold at 104. prepare a bond premium amortization schedule for the first 4 interest periods

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