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Question 2 of 2 12.5/50 E View Policies Show Attempt History Current Attempt in Progress On January 1, 2020, Pina Company sold 11% bonds having
Question 2 of 2 12.5/50 E View Policies Show Attempt History Current Attempt in Progress On January 1, 2020, Pina Company sold 11% bonds having a maturity value of $800.000 for $830,326, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2020, and mature January 1, 2025, with interest payable December 31 of each year. Pina Company allocates interest and unamortized discount or premium on the effective-interest basis. (b) Prepare a schedule of interest expense and bond amortization for 2020-2022. Round answer to D decimal places, eg. 38,548) Schedule of Interest Expense and Bond Premium Amortization Effective-Interest Method Cash Interest Premium Amortized Date Paid Expense Amou 1/1/20 $ S 12/31/20 12/31/21 12/31/22 eTextbook and Media 5 af
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