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Ayayai Corporation issued $300,000,7%, 20-year bonds on January 1, 2022, for $270,546. This price resulted in an effective-interest rate of 8% on the bonds. Interest
Ayayai Corporation issued $300,000,7%, 20-year bonds on January 1, 2022, for $270,546. This price resulted in an effective-interest rate of 8% on the bonds. Interest is payable annually on January 1. Ayayai uses the effective-interest method to amortize bond premium or discount. - Your answer is partially correct. Prepare the schedule using effective interest method to amortize bond premium or discount of Ayayai. (Round answers to O decimal places, e.g. 5,275.) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date $ 21000 21643.68 643.68 $ 28810.32 271189.68 21000 21695.17 695.17 28115.15 271884.85 21000 21750.79 750.79 28059.53 271940.47 e Textbook and Media
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