Question: The following is a partially completed amortization schedule prepared for the Liggett Company to account for its three-year bond issue with a face value of

The following is a partially completed amortization schedule prepared for the Liggett Company to account for its three-year bond issue with a face value of $50,000. The schedule covers the first three semiannual interest payment dates. Amounts are rounded to the nearest dollar. Compute the missingnumbers.

Bond Expense Bonds Payable Carrying Value $52,537 52,164 Interest Paid Premiumm Amortized Year 2,627 $3,000 S392 1%

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