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San Jose Company issued 5-year $200,000 face value bonds at 105 on January 1, 2012. The stated interest rate on these bonds is 9%. Use
San Jose Company issued 5-year $200,000 face value bonds at 105 on January 1, 2012. The stated interest rate on these bonds is 9%. Use the straight line method to complete the amortization schedule below.
Cash Payment | Interest Expense | Premium Amoritzation | Carrying Value | |
1/1/2012 | ||||
12/31/2012 | ||||
12/31/2013 | ||||
12/31/2014 | ||||
12/31/2015 | ||||
12/31/2016 | ||||
Totals |
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