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Current Attempt in Progress Bridgeport Corporation wished to raise money for a series of upcoming projects. On July 1, 2020, the company issued bonds
Current Attempt in Progress Bridgeport Corporation wished to raise money for a series of upcoming projects. On July 1, 2020, the company issued bonds with a face value of $4,800,000 due in 5 years, paying interest at a face rate of 6% on January 1 and July 1 each year. The bonds were issued to yield 4%. Bridgeport used the effective interest method of amortization for bond discounts or premiums. The company's year-end was 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. Calculate the premium or discount on the bonds. (For calculation purposes, use 5 decimal places as displayed in the factor table provided and answers to O decimal places, e.g. 5,275.) on bond $ Prepare a complete Bond Premium/Discount Amortization Schedule (ie. all five years) for Bridgeport Corporation. (Round answers to O decimal places, e.g. 5,275.) Date Cash Paid Interest Expense Amortized
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