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Prepare an amortization table through January 1, 2026 (three interest periods) for this bond issue. On July 1, 2024, Swifty Satellites Corporation issued $2,200,000 of
Prepare an amortization table through January 1, 2026 (three interest periods) for this bond issue.
On July 1, 2024, Swifty Satellites Corporation issued $2,200,000 of 10 -year, 5% bonds to yield a market interest rate of 4%. The bonds pay semi-annual interest on July 1 and January 1 . Swifty has a December 31 year end and records adjusting entries annually. Swifty received $2,379,863 when issuing the bonds. Click here to view the factor table. Prepare an amortization table through January 1, 2026 (three interest periods) for this bond issue. (Round answers to 0 decimal places, e.g. 5,275.) Prepare an amortization table through January 1, 2026 (three interest periods) for this bond issue. (Round answers to 0 decimal places, e.g. 5,275.)
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