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Required information [The following information applies to the questions displayed below.] On January 1 , when the market interest rate was 9 percent, Seton Corporation
Required information [The following information applies to the questions displayed below.] On January 1 , when the market interest rate was 9 percent, Seton Corporation completed a $120,000,8 percent bond issue for $112,298. The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount using the straight-line method. 3. Prepare a bond discount amortization schedule for these bonds. (Do not round intermediate calculations. Round you answers to the nearest dollar.)
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