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Prepare the entries and bond amortization schedule

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Question - On May 30, 2020, Huber Co. sold 12% bonds with a face value of $2,000,000. The bonds mature in five years, and interest is paid semiannually on May 30 and November 30. The bonds were sold to yield 10%. Huber uses the effective-interest method of amortization. Prepare the entries for 2020 and bond amortization schedule (through 2021) related to this bond.

Reference no: EM132948891

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