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QUESTION 6 On January 1, 2020, Shout Company sold 12% bonds having a maturity value of $650,000 for $699,280, which provides the bondholders with
QUESTION 6 On January 1, 2020, Shout Company sold 12% bonds having a maturity value of $650,000 for $699,280, which provides the bondholders with a 10% yield. The hoods are dated January 1,2020, and mature January 1, 2025, with interest payable December 31 of each year. Shout Company allocates interest and unamortized discount or premium on the effective-tered basis Prepare a schedule of interest expense and bond amortization for 2020-2022 (Copy and paste the table below using control C and control V) Date Cash Paid Interest Amortization of Premium or Discount Carrying Value of the Bond 1/1/20 12/31/20 12/31/21 12/31/22 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph Arial x x Te 10pt v Save and Submit to save and submit. Click Save All Answers to save all answers. EB Av 2 Ixa Seve Al Answers
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