Unger Autoparts Inc issued $150,000 of 6%, 10-year bonds at a price of 90 on...
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Unger Autoparts Inc issued $150,000 of 6%, 10-year bonds at a price of 90 on January 31, 2020. The market in standard bonds pay interest semi-annually. 1. Prepare an effective interest amortization table for the bonds through the first three interest payments. 2. Record Unger's issuance of the bonds on January 31, 2020, and payment of the first semi-annual interest am Explanations are not required at a price of 90 on January 31, 2020. The market interest rate at the date of issuance was 8%, and the onds through the first three interest payments. 20, and payment of the first semi-annual interest amount and amortization of the bonds on July 31, 2020
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