Record an effective interest amortization table

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Question - On July 1, 2017, Blossom Corp. issued $3,660,000 of 10-year, 5% bonds at $3,959,232. This price resulted in a 4% market interest rate on the bonds. The bonds pay semi-annual interest on July 1 and January 1, and Blossom has a December 31 year end. Record an effective interest amortization table for the first five interest payments for these bonds.

Reference no: EM132838165

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