On January 1, 2021, a company issues $770,000 of 8% bonds, due in seven years,...
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Accounting
On January 1, 2021, a company issues $770,000 of 8% bonds, due in seven years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, the bonds will issue at $812,044. Required: a. Fill in the blanks in the amortization schedule below: (Round your answers to the nearest dollar amount.)
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