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On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end
On January 1 of this year, Olive Corporation issued bonds. Interest is payable once a year on December 31. The bonds mature at the end of four years. Olive uses the effective-interest amortization method. The partielly completed amortization schedule below pertains to the bonds: Date Cash Interest January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 $48,813 48,630 48,434 3,600 $ 3,417 183 210 3,376 48,000 value: Required information 2.00 points Required 1. Complete the amortization schedule. (Enter all your values in positive. Round your final answers to nearest whole dollar amount.) Date Cash Amortization Balance S48,813 January 1, Year 1 End of Year 1 End of Year 2 End of Year 3 End of Year 4 3,600S 3,417$ 183 48,630 S48,434 210 3.376 $ 48,000
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