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CO Oak Branch Inc. issued $760,000 of 9%, 10-year bonds when the market rate was 8%. They received $811,656. Interest was paid semi-annually. Prepare an
CO Oak Branch Inc. issued $760,000 of 9%, 10-year bonds when the market rate was 8%. They received $811,656. Interest was paid semi-annually. Prepare an amortization table for the first three years of the bonds. Round intermediate and final answers to whole dollar amount. Jan. 1, Year 1 Cash Interest Payment Interest on Carrying Value Amortization of Premium Carrying Value 811,656 eBook Show Me How j jj0000 June 30, Year 1 Dec. 31, Year 1 June 30, Year 2 Dec. 31, Year 2 June 30, Year 3 Dec. 31, Year 3
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