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Riverbend Corp issued $415,000, 9%, 20-year bonds on January 1, 2017, for $379,669. This price resulted in effective-interest rate of 10% on the bonds. Interest
Riverbend Corp issued $415,000, 9%, 20-year bonds on January 1, 2017, for $379,669. This price resulted in effective-interest rate of 10% on the bonds. Interest is payable annually on January 1. Riverbed uses effective-interest method to amortize bond premium or discount. Prepare the schedule using effective interest method to amortize bond premium or discount of Riverbed Corp. (Round Interest Periods Interest to Be Paid Interest Expense to Be Recorded Discount Amortization Unamortized Discount Bond Carrying Value Issue date
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