Presented Here Is a Partial Amortization Schedule for Roseland Company

question 37

Multiple Choice

Presented here is a partial amortization schedule for Roseland Company which sold $300,000 of 5-year, 10% bonds on January 1, 2020, for $312,000 and uses annual straight-line amortization. Which of the following amounts should be shown in cell (ii) ?

• A)$32,400
• B)$27,600
• C)$31,200
• D)$28,800

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