Presented Below Is a Partial Amortization Schedule for Premium Foods

question 13

Essay

Presented below is a partial amortization schedule for Premium Foods:
$\begin{array}{ccccc}(1)&(2)&(3)&(4)&(5)\\ & \text { Cash } & \text { Interest } & \text { Decrease in } & \text { Carrying } \\\text { Period }& \text { Paid }& \text { Expense }&\text { Carrying Value }& \text { Value }\\\text { Issue date } & & & & 85,951 \\1 & \$ 2,800 & \$ 2,579 & \$ 221 & 85,730 \\2 & 2,800 & 2,572 & 228 & 85,958\end{array}$
1.Record the bond issue.
2.Record the first interest payment.

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Definitions:

Social Life

The part of an individual's time that is spent engaging in social interactions or activities within a community or group.

Personal Orientation Inventory

A self-report questionnaire designed to measure personal growth and self-actualization levels.

Self-actualization

A concept in humanistic psychology representing the realization of one's potential and self-fulfillment as the highest expression of a person's ability.

Maslow

He theorized that people are motivated to achieve certain needs and that some needs take precedence over others, starting with physiological needs and ending with self-actualization.