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Matthew Young Company sells 9 % bonds having a maturity value of $ 2 , 3 0 0 , 0 0 0 for $ 2

Matthew Young Company sells 9% bonds having a maturity value of $2,300,000 for $2,212,810.00. The bonds are dated January 1,2025, and mature January 1,2030. Interest is payable annually on January 1.
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(b)
Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, e.g.1.25124 and final answer to 2 decimal places, e.g.38,548.25.)
\table[[,\table[[Schedule of Discount Amortization],[Effective-Interest Method]]],[Year,,\table[[Cash],[Paid]],,\table[[Interest],[Expense]],,\table[[Discount],[Amortized]],,\table[[Carrying],[Value of Bonds]]],[\table[[Jan.],[1,],[2025]],$,,$,,$,,$,],[Dec.,,,,,,,,]]
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