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On January 1, 2020, Rachel Zane Co. issued for P4,695,000 a P5,000,000 bonds payable which will mature after ten years. The bonds pay 9% annual

On January 1, 2020, Rachel Zane Co. issued for P4,695,000 a P5,000,000 bonds payable which will mature after ten years. The bonds pay 9% annual interest every December 31 and were sold to yield 10%.

What is the balance of unamortized discount as of December 31, 2021?

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