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Prepare all entries that Breathitt must make to account for the bonds from May 1, 2014 through May 1, 2016. Support your entries with computations

Prepare all entries that Breathitt must make to account for the bonds from May 1, 2014 through May 1, 2016. Support your entries with computations and with an amortization table. The bonds were issued to yield an effective interest rate of 8%. 2. Prepare the entries that would be required if Breathitt called the bonds for 103 on May 1, 2020

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Q 1 Selling Price of the bonds PV240000110059005600000010059 5573531 Discount on issue of bonds to be amortized 60000005573531426469 Bond Amortization ... blur-text-image

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