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! Requlred informatlon [ The following information applies to the questions displayed below. ] On January 1 , when the market Interest rate was 8

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Requlred informatlon
[The following information applies to the questions displayed below.]
On January 1, when the market Interest rate was 8 percent, Seton Corporation completed a $160,000,7 percent bond issue for $149,265. The bonds pay Interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effectlve-Interest method to amortize the bond discount.
3. Prepare a bond discount amortization schedule for these bonds. (Do not round Intermedlate calculatlons. Round your answers to the nearest whole dollar.)
\table[[Period Ended,Changes During the Period,Ending Bond Liability Balances],[\table[[Interest],[Expense]],Cash Paid,\table[[Discount],[Amortized]],Bonds Payable,\table[[Discount on],[Bonds Payable]],Carrying Value],[Start,,,,,,0],[Year 1 End,,,,,1,0],[Year 2 End,,,,,f,0],[Year 3 End,,,,,t,0],[Year 4 End,,,,,t.,0],[Year 5 End,,,,,[.,0],[Year 6 End,,,,,,0],[Year 7 End,,,,,en,0],[Year 8 End,,,,,1.,0],[Year 9 End,,,,,,0],[Year 10 End,,,,,,0]]
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