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Need help with accounting question... Please answer all parts! Thanks! Question 1 Cole Corporation issued $450,000, 9%, 21-year bonds on January 1, 2014 for $377,325.

Need help with accounting question... Please answer all parts! Thanks!

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Question 1 Cole Corporation issued $450,000, 9%, 21-year bonds on January 1, 2014 for $377,325. This price resulted in an effective-interest rate of 11% on the bonds annually on January 1. Cole uses the effective-interest method to amortize bond premium or discount. l as ss the etive-nteret mne hod to amars bondprahia terest is payable Prepare the schedule using effective-interest method to amortize bond premium or discount of Cole Corporation. (Round answers to 0 decimal places, e.g. 150.) Interest Periods Interest to Be Paid Interest Expens to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date 2 SHOW LIST OF ACCOUNTS Prepare the journal entries to record the issuance of the bonds. (Round answers to 0 decimal places, e.g. 125. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Jan. 1, 2014

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