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Pharoah Company issued $1,140,000,7%,10-year bonds on January 1, 2022, for $1,223,900. This price resulted in an effectiveinterest rate of 6% on the bonds. Interest is
Pharoah Company issued $1,140,000,7%,10-year bonds on January 1, 2022, for $1,223,900. This price resulted in an effectiveinterest rate of 6% on the bonds. Interest is payable annually on January 1. Pharow uses the effective-interest method to amortize bond premium or discount. (a1) Prepare the schedule using effective-interest method to amortize bond premium or discount of Pharoah. (Round answers to 0 decimal places, es. 5,275.) Pharoah Company issued $1,140,000,7%,10-year bonds on January 1, 2022, for $1,223,900. This price resulted in an effectiveinterest rate of 6% on the bonds. Interest is payable annually on January 1. Pharow uses the effective-interest method to amortize bond premium or discount. (a1) Prepare the schedule using effective-interest method to amortize bond premium or discount of Pharoah. (Round answers to 0 decimal places, es. 5,275.)
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