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Amazon.com, Inc. issued bonds with a face value of $5,000,000, a stated interest rate of 6%, and a term of 10 years. The bonds were
Amazon.com, Inc. issued bonds with a face value of $5,000,000, a stated interest rate of 6%, and a term of 10 years. The bonds were issued at a premium, resulting in proceeds of $5,500,000. Create an amortization schedule for the bonds, showing the interest expense, amortization of premium, and carrying value of the bonds for each year.
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