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E10-14 (Algo) (Supplement 10A) Recording the Effects of a Discount Bond Issue and First Interest Payment and Preparing a Discount Amortization Schedule (Stralght-Line Amortization) [LO
E10-14 (Algo) (Supplement 10A) Recording the Effects of a Discount Bond Issue and First Interest Payment and Preparing a Discount Amortization Schedule (Stralght-Line Amortization) [LO 10-S1] [The following informotion opplies to the questions disployed below.] On January 1, when the market interest rate was 8 percent, Seton Corporation completed a $220,000,7 percent bond issue for $205,240. The bonds pay interest each December 31 and mature in 10 yesrs. Seton amortizes the bond discount using the stroight-line method. E10-14 (Algo) Part 3 3. Prepsre a bond discount amortization schedule for these bonds. (Do not round Intermedlate calculations. Round your answers to the nearest dollar.)
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