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Question 1 (9 points) Joey Corporation issued $1,400,000 in 10% bonds (payable on December 31, 2029) on January 1, 2020, for $1,246,000. Interest is

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Question 1 (9 points) Joey Corporation issued $1,400,000 in 10% bonds (payable on December 31, 2029) on January 1, 2020, for $1,246,000. Interest is paid on June 30 and December 31. The market rate of interest is 12%. Prepare the amortization table through December 31, 2020, using the effective interest rate method. If required, round your answers to the nearest whole dollar. Period Issue Cash Payment Interest Expense Carrying on Bonds Payable Value Question 1 6/30/20 Question 2 Question 3 Question 4 12/31/20 Question 5 Question 6

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