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Sagot :
Answer:
$269,153
Explanation:
Dr Cash 3,385,058
Cr Bonds payable 3,000,000
Cr Premium on bonds payable 385,058
premium amortization year 1 = ($3,385,058 x 9%) - $330,000 = $304,655 - $330,000 = -$25,345
premium amortization year 2 = ($3,359,713 x 9%) - $330,000 = -$27,626
premium amortization year 3 = ($3,332,087 x 9%) - $330,000 = -$30,112
premium amortization year 4 = ($3,301,975 x 9%) - $330,000 = -$32,822
premium's balance = $269,153
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