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Instructions Tudor Company acquired $500,000 of Carr Corporation bonds for $487,706.69 on January 1, 2018. The bonds carry an 11% stated interest rate, pay interest

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Instructions Tudor Company acquired $500,000 of Carr Corporation bonds for $487,706.69 on January 1, 2018. The bonds carry an 11% stated interest rate, pay interest semiannually on January 1 and July 1, were issued to field 12%, and are due January 1, 2021. Required: 1. Prepare an investment interest income and discount amortization schedule using the: straight-line method b. effective interest method 2. Prepare the July 1, 2020, journal entries to record the interest income under both methods. Previous Next > Check My Work All work saved Email Instructor Save and Exit Submit Assignment for Grading MacBook Air

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