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Messer Company issued $600,000 of 8%, 5-year bonds on January 1, 2024. The bonds pay...

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Accounting

Messer Company issued $600,000 of 8%, 5-year bonds on January 1, 2024. The bonds pay interest annually. Instructions Assuming the market interest rate on January 1, 2024, was 6%, calculate the bonds issue price. Prepare an effective-interest amortization table for this bond. Calculate bond issue and prepare amortization schedule of a bond discount

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