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On January 1, 2025, Pharoah Company purchased $250,000,6% bonds of Aguirre Co. for $229,722. The bonds were purchased to yield 8% interest. Interest is payable

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On January 1, 2025, Pharoah Company purchased $250,000,6% bonds of Aguirre Co. for $229,722. The bonds were purchased to yield 8% interest. Interest is payable semiannually on July 1 and January 1. The bonds mature on January 1, 2030. Pharoah Company uses the effective-interest method to amortize discount or premium. On Januay 1, 2027, Pharoah Company sold the bonds for $231,233 after receiving interest to meet its liquidity needs. Prepare the amortization schedule for the bonds, (Round onswers to O decimal places, eg, 1,250.) 1/1/27 7/1/27 1/1/28 7/1/28 1/1/29 7/1/29 1/1/30 Total: 5

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