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CALCULAT Euffalo Co sells S396,000 of 12% bonds on lune 1, 2017. The bonds pay interest on December 1 and lune 1 The due iate
CALCULAT Euffalo Co sells S396,000 of 12% bonds on lune 1, 2017. The bonds pay interest on December 1 and lune 1 The due iate of the bonds October 1, 2018, Buffalo buys back $118,800 worth of bonds for $125,800 (indludes accrued interest). une 1, 2021 The bonds ield Prepare a bond amortization schedule using the effectiv-interest method for discount and premium amortization. Amortize premium or discount on interest dates and at year-end. 0 decimal places, e.g. 38,548.) Schedule of Bond Discount Amortization Elfective-Interest Method Bonds Sold to Yield Carrying Amount of Bonds Discount Cash Paid Interest Expense up
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