G
grlpatel
Guest
On January 1, 2007, $1,000,000, 10-year, 10% bonds, were issued for $970,000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is
$250.
$9,700.
$3,000.
$808.
$250.
$9,700.
$3,000.
$808.