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On January 1, 2012, Ripstick Park issues $750,000 of 10% bonds, due in eleven years, with interest payable semiannually on June 30 and December 31

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On January 1, 2012, Ripstick Park issues $750,000 of 10% bonds, due in eleven years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 11%, the bonds will issue at $702,813. Complete the first three rows of an amortization table. 2. Record the bond issue on January 1, 2012, and the first two semi-annual interest payments on June 30, 2012, and December 31, 2012

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