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10 Required information The following information applies to the questions displayed below) On January 1 when the market interest rate was 8 percent, Seton Corporation

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10 Required information The following information applies to the questions displayed below) On January 1 when the market interest rate was 8 percent, Seton Corporation completed a $130,000,7 percent bond issue for $121.278. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective interest method to amortize the bond discount 3. Prepare a bond discount amortization schedule for these bonds. (Do not round Intermediate calculations. Hound your answers to the nearest dollar) Ending Bond Liability Balance Changes During the Period ineren Cast Pald Discount Ebene Amortized Period Ende Bonde Payable Discount on Carrying Value Donde wat Start Yr End Y 2 End Yr End Yrd End Yr 5 End Yr End Yr 7 End Yr End Yr End Yr 10 End

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