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ACCOUNTING hapters 10-13+ Appendix D On January 1, 2016, a company issues 3-year bonds with a face value of $160,000 and a stated interest rate

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ACCOUNTING hapters 10-13+ Appendix D On January 1, 2016, a company issues 3-year bonds with a face value of $160,000 and a stated interest rate of 7%. Because the market interest rate is 5%, the company receives $168,714 for the bonds. Required: Fll in the table assuming the company uses effective-interest bond amortization (Round your answers to the nearest whole dollar.) Table Period CashInterest Amortized Bonds Premium on Carrying Paid Expense Premium Payable Bonds Payable Value Ended 01/01/2016 12/31/2016 1231/2017 12/31/2018

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