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On January 1,2025 , Vaughn Company sold 12% bonds having a maturity value of $750,000.00 for $869.778.90, which provides the bondholders with 8% yield. The
On January 1,2025 , Vaughn Company sold 12% bonds having a maturity value of $750,000.00 for $869.778.90, which provides the bondholders with 8% yield. The bonds are dated January 1,2025 , and mature January 1,2030 , with interest payable December 31 of each year. Vaughn Company allocates interest and unamortized discount or premium on the effectiveinterest basis. Click here to view factor tables. Prepare a schedule of interest expense and bond amortization for 2025-2027. (Round answer to 2 decimal places, e.g. 38,548.25.)
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