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Prepare an amortization schedule for the first five payment

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Question - On December 31, 2015, when the market rate was 8%, Bones Corp issued $500,000, 10%, 5-year bonds. Interest is payable semi-annually on June 30 and December 31. The corporation uses the effective interest method of amortizing bond premiums or discounts. Prepare an amortization schedule for the first five payment periods.

Reference no: EM133158327

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