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need answers 2. Maggio Corporation issued $400,0008% bonds on October 1, 2015, due on October 1, 2020. Interest is to be paid semi-annually on April

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2. Maggio Corporation issued $400,0008% bonds on October 1, 2015, due on October 1, 2020. Interest is to be paid semi-annually on April 1 and Oetober 1 . The bonds were sold to yield 10% effective annual interest. Maggio Corporation has a calendar year end. Instructions (a) Complete the following amortization schedule for the dates indicated. Round all answers to the nearest dollar lica -.e amortization schedule for the dates indicated. Round all answers to the (b) Prepared the adjusting entry required for these bonds at December 31, 2016 (2 marks) (c) Calculate the interest expense to be reported in the income statement for the year ended December 31, 2016 (2 marks)

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