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Bonds Issued at a Premium (Effective Interest) Haley Industries issued $80,000 of 9%,7-year bonds on January 1,2024 , with a $4,165 premium. Interest is paid
Bonds Issued at a Premium (Effective Interest) Haley Industries issued $80,000 of 9%,7-year bonds on January 1,2024 , with a $4,165 premium. Interest is paid annually on December 31 . The market rate of interest is 8% This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answer in the question below. Required: Prepare the amortization table using the effective interest rate method. Round interest expense to a dollar and round final year interest expense amount to complete the amortization. 3 more Check My Work uses remaining. Prepare the amortization table using the effective interest rate method. Round interest expense to a dollar and round final year interest expense amount to complete t amortization. 3 more Check My Work uses remaining
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