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Assume that on January 1, Comcast issues $50,000 of 3-year, 8% coupon bonds payable, yielding an effective annual interest rate of 6%. Interest is payable
- Assume that on January 1, Comcast issues $50,000 of 3-year, 8% coupon bonds payable, yielding an effective annual interest rate of 6%. Interest is payable annually on December 31. Prepare an amortization table for the bonds for the three years.
| Interest | Coupon | Premium | Premium | Bond | |
| Expense | Interest | Amortization | Balance | Payable, Net | |
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- Assume that on January 1, Xfinity issues $50,000 of 5-year, 8% coupon bonds payable, yielding an effective annual interest rate of 10%. Interest is payable annually on December 31. Prepare an amortization table for the bonds for the three years.
| Interest | Coupon | Premium | Premium | Bond | |
| Expense | Interest | Amortization | Balance | Payable, Net | |
| 0 |
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