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DEF Company was authorized to issue a 12%,10-year bond with a face amount of P20,000,000 on January 1,2XX1. Interest on the bonds is payable semiannually
DEF Company was authorized to issue a 12%,10-year bond with a face amount of P20,000,000 on January 1,2XX1. Interest on the bonds is payable semiannually on June 30 and December 31 of each year. The entity amortizes discounts or premiums only at the end of the calendar year using the straight-line method. If the company sold the bonds at 80 , complete the table below
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