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Previous problem: Celine Company issued $200,000 of 9%, 4-year bonds on Jan 1, 2022, at 91. Interest is payable annually on Jan 1. Assume an
Previous problem: Celine Company issued $200,000 of 9%, 4-year bonds on Jan 1, 2022, at 91. Interest is payable annually on Jan 1. Assume an effective yield of 12%. The company's year-end is December 31.
a) Prepare an amortization schedule using the straight0line method.
b) Prepare an amortization schedule using the effective-interest method.
c)Using the effective-interest amortization schedule, prepare journal entries from date of issue through Jan 1, 2023
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