Sage Hill Electronics Ltd. issued $710,000 of 15 -year, 6.5% bonds on January 1,2025 ,...
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Sage Hill Electronics Ltd. issued $710,000 of 15 -year, 6.5% bonds on January 1,2025 , when the market interest rate was 5.5%. The cash received at the issuance of the bond was $781,885.02. Interest is payable semi-annually on July 1 and January 1 . Sage Hill has a December 31 year end. (a) Prepare a bond amortization schedule for the first four interest periods, using the effective-interest method. (Round answers to 2 decimal places, eg. 15.75.) Prepare a bond amortization schedule for the first four interest periods, using the effective-interest method. (Round answers to 2 decimal ploces, es. 15.75
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