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Vaughn Co. sells s497,000 of 8% bonds on March 1, 2017. The bonds pay interest on september i and March 1. The due date or

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Vaughn Co. sells s497,000 of 8% bonds on March 1, 2017. The bonds pay interest on september i and March 1. The due date or the bonds is September 1, 2020, The bonds yield 12%. Prepare a bond amortization schedule using the effective-interest method for discount and premium amortization. Amortize premium or discount on interest 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 Carrying Amount of Bonds Interest ExpenseA Discount Amortized Date 3/1/20 9/1/20

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