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Prepare n amortization schedule

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Question - On January 1st, 2015 Roth Co issued $2,000,000, 5% 10-year bonds. Interest is payable on June 30th and December 31st when the market rate of interest for similar bonds was 6%. Use the following format and round figures to the nearest dollar:

1) Actual proceeds received from the issuance of the bonds?

2) Prepare n amortization schedule for Year 1 and Year 2 using the effective interest rate method?

3) Show how this bond would be reported on the balance sheet at Dec 31 Year 2?

Reference no: EM132190406

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