Henrett Corporation of Exercise 11-6 uses the interest method of amortizing bond discount or premium. Under the
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Henrett Corporation of Exercise 11-6 uses the interest method of amortizing bond discount or premium. Under the assumption the Henrett Corporation sold its bonds for \(\$ 2,491,428\), prepare a schedule with the columnar headings of Illustration 11-4 and present the amounts in the schedule for the first two interest periods. Also, prepare general journal entries to record the first and second payments of interest to bondholders.
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