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payment of interest on Jan1,2022 On July 1, 2021, Vaughn Satellites Corporation issued $1,800,000 of 10-year, 9% bonds to yield a market interest rate of

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On July 1, 2021, Vaughn Satellites Corporation issued $1,800,000 of 10-year, 9\% bonds to yield a market interest rate of 8%. The bonds pay semi-annual interest on July 1 and January 1. Vaughn has a December 31 year end and records adjusting entries annually. Vaughn received $1,922,319 when issuing the bonds. Click here to view the factor table. (a) Prepare an amortization table through January 1, 2023 (three interest periods) for this bond issue. (Round all amounts to the nearest dollar, eg. 5,275.) Prepare anamortization tabie through January 1,20z3 (three interest periods) for this bond issue. (Round all amounts to the nearest dollar, es. 5,275.) eTextbook and Media Prepare an amortization table through January 1,2023 (three interest periods) for this bond issue. (Round all amounts to the hearest dollar, eg. 5,275.) Record the payment of interest on January 1, 2022, assuming the company's year end was November 30, (Credit account tities are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries, Round all amounts to the nearest dollar, eg. 5,275.)

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