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Concord Corporation, a publicly-traded company, agreed to loan money to another company. On July 1, 2023, the company received a five-year promissory note with a

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Concord Corporation, a publicly-traded company, agreed to loan money to another company. On July 1, 2023, the company received a five-year promissory note with a face value of $505,000, paying interest at a face rate of 5% on July 1 each year. The note was issued to yield an effective interest rate of 6%. Concord used the effective interest method of amortization for discounts or premiums, and the company's year-end is September 30 . Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. (b) Prepare a schedule of note premium / discount amortization schedule. (Round answers to 0 decimal places, e.g. 58,971.) Schedule of Note Discount Amortization Effective Interest Method Date (d- Cash Received Interest Income Discount Amortized Carrying Amour m- 1- Jul- 23 1- Jul- 24 1 Jul- 25 1 Jul- 26 1 Jul- 27 1- Jul- 28 Attempts: 0 of 15 used

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