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Pina Company sells 10% bonds having a maturity value of $2.020.000 for $1.874,375. The bonds are dated January 1, 2020, and mature January 1.2025. Interest
Pina Company sells 10% bonds having a maturity value of $2.020.000 for $1.874,375. The bonds are dated January 1, 2020, and mature January 1.2025. Interest is payable annually on January 1. (a) Set up a schedule of interest expense and discount amortization under the effective-interest method. (Round intermediate calculations to 5 decimal places, eg. 1.25124 and final answer to O decimal places, e.g. 38,548) Schedule of Discount Amortization Effective-Interest Method 0 $ Year Interest Payable Jan. 1 $ 2020 Dec. 31. 202000 2020 Interest Expense 238406 O $ Discount Amortized 36406 Dec 31, 202000 238406 36406 2021 0 Carrying Amount of B
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