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 (iii)?
A)$15,000
B)$30,000
C)$6,000
D)$3,000

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 (iii)?
A)$15,000 
B)$30,000 
C)$6,000 
D)$3,000

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 (iii)?
A)$15,000 
B)$30,000 
C)$6,000 
D)$3,000

The Following Partial Amortization Schedule Is Available for Courtney Company