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theml mework PA10-6 (Supplement 10A) Recording Bond Issue, Interest Payments (Straight-Line Amortization), and Early Bond Retirement [LO 10-S1] On January 1, 2018 Loop Raceway issued

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theml mework PA10-6 (Supplement 10A) Recording Bond Issue, Interest Payments (Straight-Line Amortization), and Early Bond Retirement [LO 10-S1] On January 1, 2018 Loop Raceway issued 580 bonds, each with a face value of $1,000, a stated interest rate of 5 percent paid annually on December 31, and a maturity date of December 31, 2020. On the issue date, the market interest rate was 6 percent, so the total proceeds trom the bond issue were $$64 485. Loop uses the straight-line bond armortization method and adjusts for any rounding errors when recording interest in the final Required: 1. Prepare a bond amortization schedule 2-5. Prepare the journal entries to record the bond issue, the interest payments on December 31, 2018 and 2019, the interest and face value payment on December 31. 2020 and the bond reirement Assume the bonds are retired on January 1. 2020, at a price of 98 Complete this question by entering your answers in the tabs below Req 2 to 5 Prepare a bond amortization schedule Discount enarest BondsD scuntoncarrying Amortized Expense Payable 2/31/19 201/20

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