Chmura ltd is authorized to issue $600,000 of 5%. 10- year bonds payable. On December...
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Chmura ltd is authorized to issue $600,000 of 5%. 10- year bonds payable. On December 31,2014, when the market interest rate is 6%, the company issue $500,000 of the bonds and received cash of $462,808. Chmura ltd. Amortizes bond discount by the effective-interest method. The semiannual interest dates are June 30 and December 31
QUESTION.
Prepare a bond amortization table for the sixteen months Interest period
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