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On April 1, Avery Company issued $4,000,000, 5-year, 12% bonds for $4,280,000 witgh semiannual interest payable on March 31 and September 30. If the effective
On April 1, Avery Company issued $4,000,000, 5-year, 12% bonds for $4,280,000 witgh semiannual interest payable on March 31 and September 30. If the effective rate of interest is 10%, determine the following: a. the interest paid on Set. 30 b. the amount of the premium amortized on Sept 30, using the straight line method. c. the accrued interest payable on Dec 31
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