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Question: San Jose Company issued 5-year $200,000 face value bonds at 105 on January 1, 2012. The stated interest rate on these bonds is 9%. Use the straight line method to complete the amortization schedule below.
Cash Payment
Interest Expense
Premium Amortization
Carrying Value
January 1, 2012
December 31, 2012
December 31, 2013
December 31, 2014
December 31, 2015
Totals
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