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Assume instead that the proceeds were $5.052.000. Use the horizontal model to record the payment of semiannual interest and the related discount on June 30,

Assume instead that the proceeds were $5.052.000. Use the horizontal model to record the payment of semiannual interest and the related discount on June 30, 2013, assuming that the discount of $48,000 is amortized on a straight-line basis

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