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Tudor Company acquired $500,000 of Carr Corporation bonds for $487 706,69 on January 1, 2019. The bonds carry an 11% stated interest rate, pay interest

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Tudor Company acquired $500,000 of Carr Corporation bonds for $487 706,69 on January 1, 2019. The bonds carry an 11% stated interest rate, pay interest semiannually on January 1 and July 1, were issued to yield 12%, and are due January 1, 2022 Required: 1. Prepare an investment intereat income and decount amortization schedule using the a straight-line method b effective interest method 2. Prepare the July 1, 2021. umal entries to record the interest income under both methods

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