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Prepare a straight-line amortization table for the bonds

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Duval Co. issues four-year bonds with a $100,000 par value on January 1, 2019, at a price of $95,952. The annual contract rate is 7%, and interest is paid semiannually on June 30 and December 31.

Question 1: Prepare a straight-line amortization table for the bonds.

Reference no: EM132609478

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