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Bramble Corp. issued $470,000, 8%, 20-year bonds on January 1, 2017, for $ 389,972. This price resulted in an effective interest rate of 10% on

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Bramble Corp. issued $470,000, 8%, 20-year bonds on January 1, 2017, for $ 389,972. This price resulted in an effective interest rate of 10% on the bonds. Interest is payable annually on January 1. Bramble uses the effective-interest method to amortize bond premium or discount. Prepare the schedule using effective-interest method to amortize bond premium or discount of Bramble Corp.(Round answers to O decimal places eg. 5,250.) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Valu Issue $ date List of Accounts Prepare the journal entry to record the issuance of the bonds. (Round answers to O decimal places, 5,275. Credit account titles are automatically ented when amount is entered. Do not indent manually.)

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