The following partial amortization schedule is available for Courtney Company who sold $750,000, five-year, 10% bonds on January 1, 2020, for $780,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (i)?
A)$78,000
B)$81,000
C)$75,000
D)$15,000

Question

The following partial amortization schedule is available for Courtney Company who sold $750,000, five-year, 10% bonds on January 1, 2020, for $780,000 and uses annual straight-line amortization.  Which of the following amounts should be shown in cell (i)?
A)$78,000 
B)$81,000 
C)$75,000 
D)$15,000

Quizplus · Accepted Answer

The Answer of The following partial amortization schedule is available for Courtney Company who sold $750,000, five-year, 10% bonds on January 1, 2020, for $780,000 and uses annual straight-line amortization.  Which of the following amounts should be shown in cell (i)?
A)$78,000 
B)$81,000 
C)$75,000 
D)$15,000

The Following Partial Amortization Schedule Is Available for Courtney Company