Question: View Policies Current Attempt in Progress On January 1 , 2 0 2 0 , Phantom Company acquires $ 2 0 0 , 0 0

View Policies
Current Attempt in Progress
On January 1,2020, Phantom Company acquires $200,000 of Spiderman Products, Inc., 9% bonds at a price of $185,589. Interest is received on January 1 of each year, and the bonds mature on January 1,2023. The investment will provide Phantom Company a 12% yield. The bonds are classified as held-to-maturity.
(a)
Prepare a 3-year schedule of interest revenue and bond discount amortization, applying the straight-line method. (Round answers to 0 decimal places, e.g.2,500.)
\table[[,\table[[Schedule of Interest Revenue and Bond Discount Amortization],[Straight-line Method],[Bond Purchased to Yield]]],[Date,,\table[[Cash],[Received]],,\table[[Interest],[Revenue]],,\table[[Bond Discount],[Amortization]],,\table[[Carrying Am],[of Bonds]]],[11?20,$,,$,,$,,$,],[1/1/2.,,,,,,,,]]
 View Policies Current Attempt in Progress On January 1,2020, Phantom Company

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