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[The following information applies to the questions displayed below.] On January 1, when the market interest rate was 10 percent, Seton Corporation completed a
[The following information applies to the questions displayed below.] On January 1, when the market interest rate was 10 percent, Seton Corporation completed a $170,000, 9 percent bond issue for $159,547. The bonds pay interest each December 31 and mature in 10 years. Seton amortizes the bond discount using the straight-line method. 3. Prepare a bond discount amortization schedule for these bonds. (Do not round intermediate calculations. Round your answers to the nearest dollar.) Changes During the Period Discount Amortized Period Ended Cash Paid Start Year 1 End Year 2 End Year 3 End Year 4 End Year 5 End Year 6 End Year 7 End Year 8 End Year 9 End Year 10 End Ending Bond Liability Balances Interest Expense Bonds Payable Discount on Bonds Payable Carrying Value 0 0 0 0 0 0 0 0 0 0
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