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On July 1, 2024, Sheridan, Inc. issued 12% bonds in the face amount of $10400000, which mature on July 1. 2030. The bonds were issued
On July 1, 2024, Sheridan, Inc. issued 12% bonds in the face amount of $10400000, which mature on July 1. 2030. The bonds were issued for $9984255 to yield 13%, resulting in a bond discount of $415745. Sheridan uses the effective-interest method of amortith bond discount. Interest is payable annually on June 30. At June 30, 2026. Sheridan's unamortized bond discount is (Round inturmedi calculations to 0 decimal places, e.g. 9,020,890.) $365792$309345$351960$415745
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