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On January 1, 2022, Bridgeport Corporation issued $1,630,000 face value, 6%, 10-year bonds at $1,515,515. This price resulted in an effective-interest rate of 7% on
On January 1, 2022, Bridgeport Corporation issued $1,630,000 face value, 6%, 10-year bonds at $1,515,515. This price resulted in an effective-interest rate of 7% on the bonds. Bridgeport uses the effective-interest method to amortize bond premium or discount. The bonds pay annual interest January 1. Prepare an amortization table through December 31, 2024 (three interest periods) for this bond issue. (Round answers to O decimal places, e.g. 125.) BRIDGEPORT CORP. Bond Discount Amortization Effective-Interest Method-Annual Interest Payments Interest Expense to Be Discount Recorded Amortization Annual Interest Periods Interest to Be Paid Unamort Discou Issue date $ $ $ 1 97800 106086 8286 2 97800 | 3 97800 answer is partially correct. mortization table through December 31, 2024 (three interest periods) for this bond issue. (Round answers to O s, e.g. 125.) BRIDGEPORT CORP. Bond Discount Amortization Effective-Interest Method-Annual Interest Payments nterest
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