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Question 1 of 3 < > Current Attempt in Progress - / 1.66 Blue Spruce Corporation issued $310,000, 7%, 20-year bonds on January 1,
Question 1 of 3 < > Current Attempt in Progress - / 1.66 Blue Spruce Corporation issued $310,000, 7%, 20-year bonds on January 1, 2022, for $279,565. This price resulted in an effective- interest rate of 8% on the bonds. Interest is payable annually on January 1. Blue Spruce uses the effective-interest method to amortize bond premium or discount. (a1) Prepare the schedule using effective-interest method to amortize bond premium or discount of Blue Spruce. (Round answers to O decimal places, e.g. 5,275.) Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Issue date $ 1 2 Unamort Discou
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