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Prepare an amortization table through December 31,2025 (three interest periods) for this bond issue. (Round answers to the nearest whole dollar, eg. 5,275) through December
Prepare an amortization table through December 31,2025 (three interest periods) for this bond issue. (Round answers to the nearest whole dollar, eg. 5,275) through December 31, 2025 (three interest periods) for this bond issue. (Round answers to the On January 1,2022, Vaughn Corporation issued $2,500,000 face value, 8%,10-year bonds at $2,339,559. This price resulted in an effective-interest rate of 9% on the bonds. The bonds pay annual interest, each January 1 . Vaughn has a calendar year end. (a) Prepare the journal entry to record the issue of the bonds on January 1, 2022. (List all debit entries before credit entries. Credit account titles are outomatically indented when the amount is entered. Do not indent manually.)
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