Business
Business, 20.07.2021 01:30, jack1043

X2 issued callable bonds on January 1, 2021. The bonds pay interest annually on December 31 each year. X2's accountant has projected the following amortization schedule from issuance until maturity: Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/2021 $ 155,544 12/31/2021 $ 18,000 $ 17,110 $ 890 154,654 12/31/2022 18,000 17,012 988 153,666 12/31/2023 18,000 16,903 1,097 152,569 12/31/2024 18,000 16,783 1,217 151,351 12/31/2025 18,000 16,649 1,351 150,000 X2 issued the bonds at:

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