Presented below is a partial amortization schedule for Premium Foods: Period Issue Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value $85,959 1 $2,900 $2,586 $314 85,645 2 2,900 2,578 322 85,323 (1) Record the bond issue
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Consider the following financial statement information for the Ayala Corporation: Item Beginning Ending Inventory $ 10,500 $ 11,500 Accounts receivable 5,500 5,800 Accounts payable 7,700 8,100 Credit sales $ 85,000 Cost of goods sold 65,000
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