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Zenith Company issues $890,000,9% bonds on January 1, 2024, that mature in 20 years. The market interest tate for bonds of similar risk and maturity
Zenith Company issues $890,000,9% bonds on January 1, 2024, that mature in 20 years. The market interest tate for bonds of similar risk and maturity is 8%, and the bonds issue for $978,078. Interest is pold semiannusily on June 30 and December 31 Required: 1. Complete the first three rows of an amortization schedule: 2. 8 3. Record the issuance of the bonds on January 1 , the interest payments on June 30 , and December 31,2024. Complete this questlon by entering your anowers in the tabs below. Complete the first three rows of an amortigation schedule. (Do not round intermedate calcuations, Round btur find answern. to the cobrest whoce dollar.)
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