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E. . 21 AoBbccdd AaBbceDd AaBb C AaBbcc AaB AalbCeD 1 Normal No Spac... Heading 1 Heading 2 Title Subtitles Paragraph Problem Three: On January

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E. . 21 AoBbccdd AaBbceDd AaBb C AaBbcc AaB AalbCeD 1 Normal No Spac... Heading 1 Heading 2 Title Subtitles Paragraph Problem Three: On January 1, 2020, The Justice League issued $100,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $96,768 to yield an annual return of 10% Required: 1) Show bow Justice League calculated the $96,768 bond price (round each to the whole dollar) 2) Prepare an amortization schedule for the dates indicated using the effective interest rate method. Date Cash Payment Interest Expense Amortization Carry Value 1/1/2020 6/30/2020 12/31/2020 6/30/2021 3) Prepare the journal entries to record the issuance of the bond on January 1 and interest expense on June 30, 2020 Date Account DR CR

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