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Preparing a Bond Amortization Table (Straight Line) Edmonton-Alston Corporation issued 5-year, 9.5% bonds with a total face value of $700,000 on January 1, for
Preparing a Bond Amortization Table (Straight Line) Edmonton-Alston Corporation issued 5-year, 9.5% bonds with a total face value of $700,000 on January 1, for $748,000. The bonds pay interest on June 30 and December 31 of each year. Required: 1. Prepare an amortization table. If an amount box does not require an entry, leave it blank and if the answer is zero, enter "0". Edmonton-Alston Corporation Amortization Table Period At issue 6/30/20 12/31/20 6/30/21 12/31/21 6/30/22 12/31/22 6/30/23 12/31/23 6/30/24 12/31/24 Cash Interest Premium on Payment Expense Bonds Payable (Credit) (Debit). (Debit) Premium on Bonds Payable Carrying Value Balance
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