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On January 1,201, Journey Corp. issued ten (10) year bonds with a face value of $145,000 and a stated (or face) rate of 9%, compounded
On January 1,201, Journey Corp. issued ten (10) year bonds with a face value of $145,000 and a stated (or face) rate of 9%, compounded semi-annually. Interest is payable semi-annually on June 30 and December 31 of each year beginning June 30,201. The market rate of interest on the issue date is 8% (compounded semi-annually), and the bonds have an issue price of $154,853. Required: Complete the five empty spaces in the amortization schedule below. responses. Ophelia Inc., a calendar year-end company, issued bonds on 1/1/X1. It uses the effective interest method to amortize bond discounts and premiums. The following facts are known about these bonds: Note: Round all calculations to the nearest whole dollar. Decimals or cents should not be shown in the numerical response portion of your journal entry
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