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Required information [The following information applies to the questions displayed below) Ike issues $250,000 of 13%, three-year bonds dated January 1, 2019, that pay interest
Required information [The following information applies to the questions displayed below) Ike issues $250,000 of 13%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $256,156. When the market rate is 12% . Prepare an effective interest amortization table for the bonds' first two years Semiannual Interest Period-End Unamortized Carrying Value Premium Premium Amortization Bond Interest Cash Interest Paid Expense 01/01/2019 16,250 881 15,369 256,156 0.6 06/30/2019 $ 255,275 12/31/2019 254,341 06/30/2020 253,351 12/31/2020
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