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Duval Co. issues four-year bonds with a $111,000 par value on June 1, 2015, at a price of $106,880. The annual contract rate is 8%,

Duval Co. issues four-year bonds with a $111,000 par value on June 1, 2015, at a price of $106,880. The annual contract rate is 8%, and interest is paid semiannually on November 30 and May 31.

1.

Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.)

semi annual unamitorized carrying
period end discount value
6.1.15
11.30.15
5.31.16
11.30.16
5.31.17
11.30.17
5.31.18
11.30.18
5.31.19

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