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2 333 points On January 1, 2018, a company issues 3-year bonds with a face value of $60,000 and a stated interest rate of 7%.

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2 333 points On January 1, 2018, a company issues 3-year bonds with a face value of $60,000 and a stated interest rate of 7%. Because the market interest rate is 5% the company receives $63,268 for the bonds. Required: Fill in the table assuming the company uses effective-interest bond amortization (Round your answers to the nearest whole dollar) Answer is complete but not entirely correct. Interest Amortized Bonds Carrying Expense Premium Payable Payable 01/01/2018 3.2613 3,1633 1,037 2.231 3,112 12/31/2020 3,057 60.000 Period Ended Cash Paid Premium on Bonds Value $ $ 12/31/2018 12/31/2019 4.2003 4200 63.268 82.231 61.1433 66,536 64.462 62.280 60.000 1.08 1.143 1.143 O 4200

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