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1. Camden Co. issued $200,000 of 10%, 2 year bonds on January 1, 2018. The bonds pay interest on June 30th and December 31. The

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1. Camden Co. issued $200,000 of 10%, 2 year bonds on January 1, 2018. The bonds pay interest on June 30th and December 31. The effective rate of interest is 12%. The company uses the effective interest method for amortization of discount or premium. Requirements; A) Prepare the journal entry for the issuance of the bonds 1/1/18 B) Prepare the effective interest amortization schedule C) Prepare the journal entries required for 2018

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