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Akron Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2014 Maturity amount and date: $125,000

Akron Corporation, whose annual accounting period ends on December 31, issued the following bonds: Date of bonds: January 1, 2014 Maturity amount and date: $125,000 due in 10 years Interest: 10 percent per annum payable each June 30 and December 31 Date sold: January 1, 2014 Straight-line amortization is used. Provide the following amounts to be reported on the December 31, 2014, financial statements:: at par, at 98 and at 109 for the below: Interest expense Bonds payable Unamortized premium or discount Net liability Stated rate of interest Cash interest paid

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