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On January 1, Year 1, Kennard Co. issued $2.000,000, 5%, 10-year bonds, with interest payable on June 30 and December 31 to yield 6%. The

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On January 1, Year 1, Kennard Co. issued $2.000,000, 5%, 10-year bonds, with interest payable on June 30 and December 31 to yield 6%. The bonds were issued for $1,851,234. Required Prepare an amortization schedule for Year 1 and Year 2 rate method. Round figures to nearest dollar. Show how this bond would be reported on the balance sheet at December 31, Year 2. Refer to the lists of Amount Descriptions for the exact wording of the answer choices for text entries. If an amount is a negative number use a minus sign to indicate. using the effective interest (b) Amount Descriptions Bond payable Unamortized bond discount

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