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on zoom during the en 11 pts Question 3 On January 1, 2020, Ehrlich Corporation issued 8%, 15-year bonds with a face amount of $950,000

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on zoom during the en 11 pts Question 3 On January 1, 2020, Ehrlich Corporation issued 8%, 15-year bonds with a face amount of $950,000 at 97. Interest is payable annually on January 1. Instructions Prepare the following entries: 1. record the issuance of the bonds on 1/1/20 2. first annual interest accrual on 12/31/20 3. amortization, assuming that the company uses straight-line amortization on 12/31/20 4. payment of interest on 1/1/21 5. What is the unamortized balance of the discount account at 1/1/21? 6. What is the carrying value of the bond at 1/1/21? HTML Editora Ix Ex Del 2 VC V TTK 12pt

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