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Problem II. (20 Points). P&J Chase Company sells $500,000 of 10% bonds on January 1, 2020 for $472,090. The bond has a five-year term. The

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Problem II. (20 Points). P\&J Chase Company sells $500,000 of 10% bonds on January 1, 2020 for $472,090. The bond has a five-year term. The bonds pay interest on January 1 and July 1 at 12%. Instructions: 1. Prepare a bond amortization table through January 1,2023. 2. Prepare the journal entries for 2020 and 2021

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