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INTERMEDIATE ACCT (ACT311 ) lnte elate Accounting, 16e Gradebook ORION Downloadable eTextbook ctice nment CALCULATOR...

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Accounting

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INTERMEDIATE ACCT (ACT311 ) lnte elate Accounting, 16e Gradebook ORION Downloadable eTextbook ctice nment CALCULATOR FULL SCREEN PRINTER VERSION BACK E Exercise 14-10 (Part Level Submission) On January 1, 2017, Concord Company sold 11% bonds having a maturity value of S450,000 for $467,058, which provides the bondholders with a 10% yield. The bonds are dated January 1, 2017, and mature January 1, 2022, with interest payable December 31 of each year. Concord Company allocates interest and unamortized discount or premium on the effective-interest basis. Prepare a schedule of interest expense and bond amortization for 2017-2019. (Round answer to 0 decimal places y 9.38,548.) Schedule of Interest Expense and Bond ation Amortizat Effective-Interest Method Premi Amortized Interest Carrying Amount of Bonds Date Paid 12/31/17 12/31/18 2/31/19 49,50046,705.8 12/3 12/31/ Show ta Exper Version 4.24.9 12/31 12/31

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