Question

i am adding then subtract then devide still not getting the right numbers

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Answer 1

Solution:

Date	Cash interest	Interest Expense	Discount on bond	Discount on bond payable balance	Carrying value
At issue				$21,000.00	$3,29,000
30-Jun-20	$14,000	$18,095	$4,095	$16,905	$3,33,095
31-Dec-20	$14,000	$18,320	$4,320	$12,585	$3,37,415
30-Jun-21	$14,000	$18,558	$4,558	$8,027	$3,41,973
31-Dec-21	$14,000	$18,809	$4,809	$3,218	$3,46,782