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Required information [The following information applies to the questions displayed below.) On January 1, when the market interest rate was 8 percent, Seton Corporation completed

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Required information [The following information applies to the questions displayed below.) On January 1, when the market interest rate was 8 percent, Seton Corporation completed a $220,000,7 percent bond issue for $205,240. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective-Interest method to amortize the bond discount. 3. Prepare a bond discount amortization schedule for these bonds. (Do not round intermediate calculations. Round your answers to the nearest dollar) Changos During the Period Interest Discount Cash Pald Expenso Amortized Ending Bond Liability Balances Bonds Payable Bonds Payable Discount on Carrying Value Period Endod 0 0 0 0 0 Start Yr 1 End Yr 2 End Yr 3 End Yr 4 End Yr 5 End Yr End Yr 7 End Yt 8 End Yr 9 End Ye 10 End 0 0 0 0 0 0

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