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On January 1, 2020, Blossom Industries Ltd. issued 1,650.000 face value, 5%,10-year bonds at 1,528.559. This price resulted in an effective-interest rate of 6% on
On January 1, 2020, Blossom Industries Ltd. issued 1,650.000 face value, 5%,10-year bonds at 1,528.559. This price resulted in an effective-interest rate of 6% on the bonds. Blossom uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest on January 1. Prepare an amortization table through December 31,2022 (three interest periods) for this bond issue. (Round answers to 0 decimal places, e.g. 15,250.) Prepare an amortization table through December 31,2022 (three interest periods) for this bond issue. (Round answers to 0 decimal places, e.g. 15,250.)
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