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Complete a bond amortization schedule for the life of bond

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Reference no: EM13496949

A company issued a $50,000 four-year, 4% bond on January 1. Bond interest is paid each December 31. The bond was sold to yield 5%.

Required:

Complete a bond amortization schedule for the life of the bond using the effective interest method.

 

Reference no: EM13496949

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