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Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected...

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Accounting

Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization schedule from issuance until maturity:image

Question 6 10 pts Lopez Plastics Co. (LPC) issued callable bonds on January 1, 2021. LPC's accountant has projected the following amortization schedule from issuance until maturity: Cash Effective interest Decrease in balance Outstanding balance Date interest 1/1/2021 $ 207,020 6/30/2021 $ 7,000 $ 6,211 $ 789 206,230 12/31/2021 7,000 6,187 813 6/30/2022 7,000 837 205,417 204,580 203,717 202,829 6,163 6,137 6,112 12/31/2022 6/30/2023 863 7,000 7,000 888 12/31/2023 7,000 6,085 915 201,913 6,057 943 200,971 6/30/2024 7,000 12/31/2024 7,000 LPC issued the bonds: 6,029 971 200,000 O At a discount. O Cannot be determined from the given information. O At par. O At a premium

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