The Following Partial Amortization Schedule Is Available for Courtney Company

question 165

Multiple Choice

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 (ii) ?

• A)$81,000
• B)$69,000
• C)$78,000
• D)$60,000

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