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Sandhill Company issued $950,000,7%,10-year bonds on January 1,2022 , for $1,019,917. This price resulted in an effective-interest rate of 6% on the bonds. Interest is
Sandhill Company issued $950,000,7%,10-year bonds on January 1,2022 , for $1,019,917. This price resulted in an effective-interest rate of 6% on the bonds. Interest is payable annually on January 1 . Sandhill uses the effectiveinterest method to amortize bond premium or discount. (a1) Prepare the schedule using effective-interest method to amortize bond premium or discount of Sandhill. (Round answers to 0 decimal places, e.g. 5,275.) Sandhill Company issued $950,000,7%,10-year bonds on January 1,2022 , for $1,019,917. This price resulted in an effective-interest rate of 6% on the bonds. Interest is payable annually on January 1 . Sandhill uses the effectiveinterest method to amortize bond premium or discount. (a1) Prepare the schedule using effective-interest method to amortize bond premium or discount of Sandhill. (Round answers to 0 decimal places, e.g. 5,275
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