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On January 1, 2021, a corporation issued $500,000, 6% 5-year bonds for $459,464. The bonds pay interest semi-annually on June 30 and December 31. The
On January 1, 2021, a corporation issued $500,000, 6% 5-year bonds for $459,464. The bonds pay interest semi-annually on June 30 and December 31. The market rate of interest is 8%. Use the following table to prepare a bond amortization schedule and answer the following questions (Round your answers to the nearest dollar). Amount of unamortized discount or premium (after interest payment is made) on December 31, 2021 O $40,536 $29,989 O $33,643 O $47,158 O $65,272
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