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On January 1, 2020, JetNew, issued $1,000,000 face value, 5-year bonds with a stated rate of 5% at an effective rate of 4% which brought

On January 1, 2020, JetNew, issued $1,000,000 face value, 5-year bonds with a stated rate of 5% at an effective rate of 4% which brought in $1,044,913. Interest is paid semi-annually on July 1 and December 31. JetNew uses the effective- interest method of amortization. Required: Use the following heading to prepare the amortization table for the bonds from Jan 1/20 to Dec 31//21. Semi Annual Interest Interest Prem Amort Premium Carrying Interest Date Payment Expense Amount Balance Amountimage text in transcribed

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