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The premium account balance of $1,246 is amortized against interest expense over the twenty interest periods. Unlike the discount that results in additional interest expense when it is amortized, the amortization of premium decreases interest expense. The total interest expense on these bonds will be $10,754 rather than the $12,000 that will be paid in

Content You can categorize transactions for your business expenses Merchant Accounts Q. How much should I pay for a construction accounting software on average? Quickbooks Cost of Using One of the Best Construction Accounting Software Programs Accounting software built for How to choose the right payroll software for independent contractors Best for the Smallest Businesses

Content Ready to make your move in accounting? Gain insights for every career stage in our free Accounting Career Guide. Accounting Cloud Solutions and Cloud Bookkeeping financial Part 2: Who Do I Hire? Accountants vs CPAs vs Bookkeepers Here’s an overview of the difference between a bookkeeper and an accountant. In either case, familiarizing yourself

Familiarity with accounting software and finance programs may also increase your prospects. The type of skills expected by young graduates in accounting is moving increasingly into the technology area. The AICPA’s new model for CPA licensure (CPA Evolution) recognizes the important role that technology has had, and will continue to have, on the accounting profession.