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Legacy issues $750,000 of 8.0%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at

Legacy issues $750,000 of 8.0%, four-year bonds dated January 1, 2017, that pay interest semiannually on June 30 and December 31. They are issued at $656,844 and their market rate is 12% at the issue date.

1. Record the interest payment and amortization on June 30, 2017.

2. Record the interest payment and amortization on December 31, 2017.

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