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On July 1, 2016, Fisher Company issued 9% bonds in the face amount of $5,000,000,...

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Accounting

On July 1, 2016, Fisher Company issued 9% bonds in the face amount of $5,000,000, which mature on July 1, 2022. The bonds were issued for $4,782,217 to yield 10%. Fisher uses the effective-interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2019, the unamortized bond discount should be

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