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Oriole Corporation issued $2.88 million of 7-year, 4% bonds dated January 1, 2024, for $2,554,673. The market interest rate when the bonds were issued
Oriole Corporation issued $2.88 million of 7-year, 4% bonds dated January 1, 2024, for $2,554,673. The market interest rate when the bonds were issued was 6%. Interest is payable semi-annually on January 1 and July 1. Oriole has a December 31 year end. Prepare an amortization schedule for the first three interest payments. (Round answers to O decimal places, e.g. 5,276.) ORIOLE CORPORATION Bond Amortization Table Effective Interest Method-Semi-Annual Interest Payments 4% Bonds Issued at market rate of 6% Date Jan. 1,2024 July 1, 2024 Interest Payment Interest Expense Discount Amortization Bond Carrying
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