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Premium amortization Instructions Chart of Accounts Journal Instructions X ), receiving cash of On January 1, the first day of the focal your, a company

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Premium amortization Instructions Chart of Accounts Journal Instructions X ), receiving cash of On January 1, the first day of the focal your, a company loues a $2.000.000,0%, Ive-year bond that paye semiannual interest of $50,000 ($2,000,000 X $2,102,200 Joumalize the first interest payment and the amortization of the related bond premium Round to the nearest dollefer to the Chart of Accounts for exact wording of accountitles

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