On January 1, 2021, a company issues 3-year bonds with a face value of $140,000...
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Accounting
On January 1, 2021, a company issues 3-year bonds with a face value of $140,000 and a stated interest rate of 7%. Because the market interest rate is 5%, the company receives $147,624 for the bonds. Required: Fill in the table assuming the company uses effective-interest bond amortization. (Round your answers to the nearest whole dollar.)
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