3. Serial Bond C Company sold a $1,000,000 serial bond on January 1, 2018 with...
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Accounting
3. Serial Bond
C Company sold a $1,000,000 serial bond on January 1, 2018 with $250,000 of bonds
due December 31, 2020, December 31, 2022, December 31,2024, and December 31,
2025. The bonds have a stated interest rate of 6%, but were sold to yield an effective rate
of 6.5% annual.
Prepare an effective interest amortization table. Make all required entries on December 31,
2022
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