Presented Here Is a Partial Amortization Schedule for Courtney Company

question 8

Multiple Choice

Presented here is a partial amortization schedule for Courtney Company who sold $200,000, five year 10% bonds on January 1, 2010 for $208,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (iii) ?

• A) $4,000
• B) $8,000
• C) $1,600
• D) $800