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Paris Electric sold $2, 800,000, 6%, 10-year bonds on January 1, 2017. The bonds were dated January 1 and pay interest annually on January 1.
Paris Electric sold $2, 800,000, 6%, 10-year bonds on January 1, 2017. The bonds were dated January 1 and pay interest annually on January 1. Paris Electric uses the straight-line method to amortize bond premium or discount. The bonds were sold at 101. Prepare a bond premium amortization schedule for the first 4 interest periods
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