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I need help ASAP 14. On January 1, 2013, Ketan Kite Corporation issued $697,000 o17% s. The bonds were issued for $649,640, and pay interest

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14. On January 1, 2013, Ketan Kite Corporation issued $697,000 o17% s. The bonds were issued for $649,640, and pay interest each July 1 and January 1 company's journal entries for (a) the January 1 issuance, (b) the July 1 interest payment, and (c) the December 31 adjusting entry. Assume an effective interest rate of 8% . Ketan Kites uses the effective interest method. Prepare the A) Prepare an amortiration schedule for the bonds. (Only the first 2 years required- 2013 AND 2014) B) Prepare the following journal entries on behalf of the company: January 1st July 1s December 31 C) Prepare the following journal entries on behalf of the investor/bondholder January 1 July 1st December 31

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