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Amertization of Dtiscount Stacy Cempany issued tive wear, 114 bonds with a face value of $15,000 on lanuary 1,2016 . Interest is pait anituatly on

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Amertization of Dtiscount Stacy Cempany issued tive wear, 114 bonds with a face value of $15,000 on lanuary 1,2016 . Interest is pait anituatly on Decenber 31 . The market nate of interest on this dste is 1394, and stacy Compam receives proceeds of 513,944 on the bond issiance. Hise the avpropriate preserit value table: FNof 51 and IN of Mcmaty of 51 Reiguiredis 1. Prepare a five-year table to amortize the discount using the elifective interest method. If reauired, round all calculations to the nearest dollat. friter all ainounts of potaive numbers. 2. What is the total interest expense aver the life of the bonds? cash interest payment? discount amortization? 3. Prepare the journal entry for the payment of interest and the amoctization of discount on December 31, 2018 (the third year). Indicate the effect on finuncal statement items by selecting "-" for decrease (or negative effect), " " for increase (or positive effect) and "NE" for No tntry (or no effect) on the financial statement. Determine the balance cheet presentution of the bonds for December 31, 2018. Stacy Eomeasivy Balance thiteet (Martial) Determine the balance sheet presentation of the bonds for December 31, 2018 . 8 more Check My Work uses remaining

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