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Ross Corporation issued $850,000 in 4% bonds (payable on December 31,2029 ) on January 1,2020 , for $765,000. Interest is paid on June 30 and
Ross Corporation issued $850,000 in 4% bonds (payable on December 31,2029 ) on January 1,2020 , for $765,000. Interest is paid on June 30 and December 31 . The market rate of interest is 6%. Prepare the amortization table through December 31, 2020, using the effective interest rate method. If required, round your answers to the nearest whole dollar. Type your answers to Questions 1-6 in answer boxes below. Type your answers with numbers in order 1. $xxx 2. $xxx etc
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