Question: Your answer is partially correct. Try again. Prepare a 3-year schedule of interest revenue and bond discount amortization. (Round answers to 2 decimal places, e.g.

Your answer is partially correct. Try again. Prepare a 3-year schedule

Your answer is partially correct. Try again. Prepare a 3-year schedule of interest revenue and bond discount amortization. (Round answers to 2 decimal places, e.g. 5,275.25.) Schedule of Interest Revenue and Bond Discount Amortization 9% Bond Purchased to Yield 12% Date Cash Received Interest Revenue Bond Discount Amortization Carrying Amount of Bonds $278,384 1/1/15 12/31/15 $ 27000 35,035.11 x 7,205 285,589 12/31/16 427000 35,035.11 x 7,205 292,795 12/31/17 27000 35,035.11 7,205 300,000 *Rounded by $0.68. x Your answer is incorrect. Try again. Prepare the journal entry for the interest receipt of December 31, 2016, and the discount amortization. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts. Round answers to 2 decimal places, e.g. 5,275.25.) Debit Credit Date Account Titles and Explanation December 31, 2016 27000 33406.08 284,790.08 X 27000 34174.81 291,964.89 27000 35035.11 300,000

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