Sheridan Company sold $2,500,000, 6%, 10-year bonds on January 1, 2022. The bonds were dated January...

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Sheridan Company sold $2,500,000, 6%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Sheridan Company uses the straight-line method to amortize bond premium or discount. The bonds were sold at 102. (b) Prepare a bond premium amortization schedule for the first four interest periods. Annual Interest Periods Interest Expense Interest to Be Paid to Be Recorded Premium Amortization Unamortize Issue date 1 $ +A 2 3 4 +A +A (b) Prepare a bond premium amortization schedule for the first four interest periods. +A $ Interest Expense to Be Recorded $ Premium Amortization Unamortized Premium Bond Carrying Value $ $ Sheridan Company sold $2,500,000, 6%, 10-year bonds on January 1, 2022. The bonds were dated January 1 and pay interest annually on January 1. Sheridan Company uses the straight-line method to amortize bond premium or discount. The bonds were sold at 102. (b) Prepare a bond premium amortization schedule for the first four interest periods. Annual Interest Periods Interest Expense Interest to Be Paid to Be Recorded Premium Amortization Unamortize Issue date 1 $ +A 2 3 4 +A +A (b) Prepare a bond premium amortization schedule for the first four interest periods. +A $ Interest Expense to Be Recorded $ Premium Amortization Unamortized Premium Bond Carrying Value $ $