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Journal Entries and Balance Sheet Presentation a. Were the bonds purchased at a discount or premium? b. Prepare a bond amortization schedule for Year 1

image text in transcribed Journal Entries and Balance Sheet Presentation a. Were the bonds purchased at a discount or premium? b. Prepare a bond amortization schedule for Year 1 and Year 2 using the effective interest method. Note: Round each amount entered into the schedule to the nearest whole dollar

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