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amortize bond discounts or premiums. Required a . Determine the selling price of the bonds. b . Prepare an amortization schedule for the first two

amortize bond discounts or premiums.
Required
a. Determine the selling price of the bonds.
b. Prepare an amortization schedule for the first two years of the bond term.
c. Prepare journal entries on the following dates.
January 1 of Year 1, bond issuance.
June 30 of Year 1, interest payment.
December 31 of Year 1, interest payment.
Amortization Schedule
Journal Entries
Note: Round amounts in schedule to the nearest whole dollar.
Note: Do not use negative signs.
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