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2 Part 2 of 2 Required information [The following information applies to the questions displayed below.) On January 1, when the market interest rate
2 Part 2 of 2 Required information [The following information applies to the questions displayed below.) On January 1, when the market interest rate was 10 percent, Seton Corporation completed a $300,000, 9 percent bond Issue for $281,554. The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount using the straight-line method. 3. Prepare a bond discount amortization schedule for these bonds. (Do not round intermediate calculations. Round your answers to the nearest dollar.) Changes During the Period Period Ended Cash Paid Start Year 1 End Discount Amortized Ending Bond Liability Balances Discount on Interest Expense Bonds Payable Bonds Payable Carrying Value Year 2 End Year 3 End Year 4 End Year 5 End Year 6 End Year 7 End Year 8 End 1 Year 9 End Year 10 End
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