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On January 1, 2018, Company E issued $70,000 of its 8% bonds which mature in 5 years. Interest is paid annually or December 31. The

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On January 1, 2018, Company E issued $70,000 of its 8% bonds which mature in 5 years. Interest is paid annually or December 31. The bonds being issued (sold) at an effective or market rate of interest of 6% for a bond price of 108. Using this information above, prepare the 1st line of the amortization schedule, calculating values A to E (round all calculations to the nearest dollar). Date Interest Paid Interest Expense Amortization Net Bond Payable (Carrying Value) 01/01/2018 12/31/2018 B C D E BIVA-AI EE311x , SE V T TT 12pt - Paragraph

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