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Ex 3 On January 1, 2021, Rindt Industries Inc. issued $1,000,000 of 82 percent, 5-year bonds when the market interest rate was 10 percent. Rindt
Ex 3 On January 1, 2021, Rindt Industries Inc. issued $1,000,000 of 82 percent, 5-year bonds when the market interest rate was 10 percent. Rindt Industries pays interest annually on December 31 The issue price of the bonds was $943,138. Required Company Create a spreadsheet model to prepare a schedule to amortize the discount on these bonds. Use the effective-interest method of amortization. Round to the nearest dollar, and format your answer as follows
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