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On January 1, 2020, Sandhill Company purchased8% bonds having a maturity value of $400,000, for $433,699.52. The bonds provide the bondholders with a6% yield. They

On January 1, 2020, Sandhill Company purchased8% bonds having a maturity value of $400,000, for $433,699.52. The bonds provide the bondholders with a6% yield. They are dated January 1, 2020, and mature January 1, 2025, with interest received on January 1 of each year. Sandhill Company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified in the held-to-maturity category.

make a bond amortization schedule.

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