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BOND-1: Audrey Corporation On January 1, 2000, Audrey Corporation issued $100,000 of 10% coupon rate bonds to yield an effective rate of 12%. Interest is

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BOND-1: Audrey Corporation On January 1, 2000, Audrey Corporation issued $100,000 of 10% coupon rate bonds to yield an effective rate of 12%. Interest is paid semiannually on June 30 and December 31. The bonds mature in five years, i.e., on January 1, 2005. Required: (1) What amount of cash did Audrey Corporation receive when the bonds were issued? Prepare the journal entry to record the bond issuance. (2) Prepare the amortization schedule for the entire bond's life (5 years). (3) Prepare the journal entry that Audrey Corporation would make on: (a) June 30, 2000 (b) December 31, 2004 (4) Prepare the journal entry to record the bond retirement on January 1, 2005. N-10 i = 6% V- 19,039 FV = 100,000) HT=51.70D) 15000)

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