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Vaughn Co. sells $482,000 of 8% bonds on March 1, 2017. The bonds pay interest on September 1 and March 1. 2020. The bonds yield

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Vaughn Co. sells $482,000 of 8% bonds on March 1, 2017. The bonds pay interest on September 1 and March 1. 2020. The bonds yield 12%. Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. dates and at year-end. (Round answers to I decimal places, e.g. 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds Date 3/1/17 428187 9/1/17 19280 25691 6411 434598 3/1/18 19280 26076 6796 441394 9/1/18 19280 26484 7204 448598 3/1/19 6916 280 7636 456234 9/1/19 19280 27374 8094 464328 3/1/20 19280 27860 8580 472907 9/1/20 19280 28374 9093 482000 Prepare all of the relevant journal entries from the time of sale until the date indicated. (Assume that no reversing Bramble Co. sells $397,000 of 12% bonds on June 1, 2017. The bonds pay interest on December 1 and June 1. T The bonds yield 8%. On October 1, 2018, Bramble buys back $127,040 worth of bonds for $132,040 (includes ac Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization dates and at year-end. (Round answers to 0 decimal places, e.g. 38,548.) Schedule of Bond Discount Amortization Effective-Interest Method Bonds Sold to Yield Cash Paid Interest Expense Discount Amortized Carrying Amount of Bonds Date 6/1/17 450458 12/1/17 23820 18018 5802 1 1 1 444656 438623 6/1/18 23820 17786 6034 438623 12/1/18 23820 17545 6275 432347 6/1/19 23820 17294 6526 425821 12/1/19 23820 17033 6787 419034 6/1/20 23820 16761 7059 I 411976 12/1/20 23820 16479 7341 404635 6/1/21 23820 16185 7635 7635 T 397000

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