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Patton Company purchased $ 1 , 5 0 0 , 0 0 0 of 1 0 % bonds of Scott Company on January 1 ,
Patton Company purchased $ of bonds of Scott Company on January paying $ The bonds mature January ; interest is payable each July and January The discount of $ provides an effective yeild of Patton Company uses the effectiveinterest method and plans to hold these bonds to maturity. On July Patton Company should record what amount of amortized discount?
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