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Stellar Company sells 8% bonds having a maturity value of $1,360,000 for $1,163,905. The bonds are dated January 1, 2020, and mature January 1,

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Stellar Company sells 8% bonds having a maturity value of $1,360,000 for $1,163,905. The bonds are dated January 1, 2020, and mature January 1, 2025. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to O decimal places, e.g. 38,548) Year Jan. 1. $ 2020 Jan. 1. 2021 Jan. 1. 2022 Jan. 1, 2023 Jan, 1. 2024 Cash Paid $ Schedule of Discount Amortization Straight-Line Method Interest Expense Discount Amortized $ Carrying Amount of Bonds

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