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Oriole Company issued $425,000, 6%, 15-year bonds on January 1, 2017, for $519,506. This price...

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Accounting

Oriole Company issued $425,000, 6%, 15-year bonds on January 1, 2017, for $519,506. This price resulted in an effective-interest rate of 4% on the bonds. Interest is payable annually on January 1. Oriole uses the effective-interest method to amortize bond premium or discount.\

Prepare the schedule using effective-interest method to amortize bond premium or discount of Oriole Company

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