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Exercise 14-6 Grouper Company sells 10% bonds having a maturity value of $1,500,000 for $1,484, 53. The bonds are dated January 1 2017 and mature

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Exercise 14-6 Grouper Company sells 10% bonds having a maturity value of $1,500,000 for $1,484, 53. The bonds are dated January 1 2017 and mature Januar annually on January 1 1 20 payable terest. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to 0 decimal places, e.g. 38,548.) Schedule of Discount Amortization Straight-Line Method Discount Amortized Carrying Amount of Bonds Cash Paid Interest Expense Year Jan. 1, 2017 Jan. 1, 2018 Jan. 1, 2019 Jan. 1, 2020 Jan. 1, 2021 Jan. 1, 2022 Click if you would like to Show Work for this question: Open Show Work

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