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On January 1,2016,a Company Issues 3-Year Bonds with a Face

Question 143

Essay

On January 1,2016,a company issues 3-year bonds with a face value of $50,000 and a stated interest rate of 7%.Because the market interest rate is 5%,the company receives $52,723 for the bonds.
Required:
Fill in the table assuming the company uses effective-interest bond amortization.
On January 1,2016,a company issues 3-year bonds with a face value of $50,000 and a stated interest rate of 7%.Because the market interest rate is 5%,the company receives $52,723 for the bonds. Required: Fill in the table assuming the company uses effective-interest bond amortization.

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