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On January 1, 2017, Bramble Corporation issued $1,840,000 face value, 5%, 10-year bonds at $1,704,574. This price resulted in an effective interest rate of 6%
On January 1, 2017, Bramble Corporation issued $1,840,000 face value, 5%, 10-year bonds at $1,704,574. This price resulted in an effective interest rate of 6% on the bonds. Bramble uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1. Prepare an amortization table through December 31, 2019 (three interest periods) for this bond issue. (Round answers to O decimal places, e.g. 125.) BRAMBLE CORP. Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Interest Expense to Be Discount Recorded Amortization Annual Interest Periods Interest to Be Paid Unamortize Discount Issue date $ $ $ $ 1 1 92000 102274.44 10274.44 2 92000 3 92000
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