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Bonds Issued at a Premium (Effective Interest) Haley Industries issued $130,000 of 13%,7-year bonds on January 1,2024 , with a $5,933 premium. Interest is paid
Bonds Issued at a Premium (Effective Interest) Haley Industries issued $130,000 of 13%,7-year bonds on January 1,2024 , with a $5,933 premium. Interest is paid annually on December 31. The market rate of interest is 12%. Required: Prepare the amortization table using the effective interest rate method. If an amount box does not require an entry, leave it blank. If the answer is zero, enter " 0 ". When required, round your answers to the nearest whole dollar. And, round final year to complete the amortization
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