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Vaughn Company sells 10% bonds having a maturity value of $2,100,000 for $1,948,607. The bonds are dated January 1, 2017, and mature January 1, 2022.

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Vaughn Company sells 10% bonds having a maturity value of $2,100,000 for $1,948,607. The bonds are dated January 1, 2017, and mature January 1, 2022. Interest is payable annually on January 1. Set up a schedule of interest expense and discount amortization under the straight-line method. (Round answers to o decimal places, e.g. 38,548.) Schedule of Discount Amortization Straight-Line Method Interest Discount Paid Expense Amortized Year Amount of Bonds Jan. 1, 2017 2100000 240279 2100000 2100000 2100000 TITITI TI Jan 1, 2021 2100000 San. 1, 2022 T2100000 Click if you would like to show Work for this questioni Qen Show We

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