Barnett Corporation sold a $530,000, 8 percent bond issue on January 1, 2014. The bonds pay interest each June 30 and December 31 and mature 5 years from January 1, 2014. For comparative study and analysis, assume three separate cases. Use straight-line amortization and disregard income tax unless specifically required. Assume three independent selling scenarios:
Required:
Complete the following schedule as of December 31, 2014, to analyze the differences among the three cases. Note: unamortized amounts to be calculated after amortization for June 30 and December 31 has already been recorded.