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I need help with 1 and 2 On January 1, 2020, Watkins Construction issued $350,000,3-year bonds for $320,000. The stated rate of interest was 7%
I need help with 1 and 2
On January 1, 2020, Watkins Construction issued $350,000,3-year bonds for $320,000. The stated rate of interest was 7% and interest is paid annually on December 31 . 1. Calculate the amount of discount that will be amortized each period. Must use a formula in the cell to calcul the answer. ( 2 points) Discount/period: 2. Calculate the amount of interest expense for each period. Must use a formula in the cell to calculate the answer. ( 2 points) Interest/period Step by Step Solution
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