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Cohood Candies issued $350,000 of 7%, five-year bonds on Jandary 1,2020 , when the market interost rate was 11%. The company pays interest annually at

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Cohood Candies issued $350,000 of 7%, five-year bonds on Jandary 1,2020 , when the market interost rate was 11%. The company pays interest annually at year-end. The issise price of the bonds was $296,257. Requirement Create a spreadsheot model to prepare a schodule to amortize the bonds. Uso the efloctive-interest method of amortizaticn. Round to the nearest dollar. Requirement. Create a spreadsheet model to prepare a schodule to amortize the bonds, Use the etloctive-interest method of amorization. to the nearest dollar. For amounts with a zero balance, enter a 0 where approptiate.)

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