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4 Required information Part 2 of2 The following information applies to the questions displayed below]...

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Accounting

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4 Required information Part 2 of2 The following information applies to the questions displayed below] On January 1, when the market interest rate was 8 percent, Seton Corporation completed a $220,000, 7 percent bond issue for $205,240. The bonds pay interest each December 31 and mature in 10 years. Assume Seton Corporation uses the effective-interest method to amortize the bond discount. points 3. Prepare a bond discount amortization schedule for these bonds. (Do not round intermediate calculations. Round your answers to the nearest dollar.) eBook Changes During the Period Ending Bond Liability Balances Discount on Bonds Payable Hint Period Interest Expense Discount Amortized Bonds Payable Carrying Value 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 Cash Paid Ended Start Yr 1 End Yr 2 End Yr 3 End Yr 4 End Yr 5 End Yr 6 End Yr 7 End Yr 8 End Yr 9 End Yr 10 End 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 220,000 Print References

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