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Required information [The following information applies to the questions displayed below] On January 1, when the market interest rate was 10 percent, Seton Corporation completed
Required information [The following information applies to the questions displayed below] On January 1, when the market interest rate was 10 percent, Seton Corporation completed a $170,000, 9 percent bond issue for $159,547. 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 your answers to the nearest dollar.) Changes During the Period Ending Bond Liability Balances Period Discount Amortized Interest Expense Discount on Cash Paid Bonds Payable Carrying Value Ended Start Yr 1 End Yr 2 End Yr 3 End Yr 4 End Yr 5 End Yr 6 End Yr 7 End Yr 8 End Yr 9 End Yr 10 End
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