Question: San Jose Company issued 5-year $200,000 face value bonds at 105 on January 1, 2012. The stated interest rate on these bonds is 9%. Use the straight line method to complete the amortization schedule below.
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Cash Payment
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Interest Expense
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Premium Amortization
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Carrying Value
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January 1, 2012
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December 31, 2012
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December 31, 2013
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December 31, 2014
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December 31, 2015
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December 31, 2015
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Totals
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