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Prepare the amortization table using the effective interest

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Reference no: EM132467693

Randy Corporation issued $85,000 in 9%, 10-year bonds (payable on December 31, 2028) on December 31, 2018, for $90,776. Interest is paid on June 30 and December 31. The market rate of interest is 8%.

Required:

Question 1: Prepare the amortization table using the effective interest rate method for the first two years.

Reference no: EM132467693

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