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Ike issues $200,000 of 9%, three-year bonds dated January 1, 2019, that pay interest semiannually...

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Accounting

Ike issues $200,000 of 9%, three-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. They are issued at $205,239. When the market rate is 8%.

3. Prepare an effective interest amortization table for the bonds' first two years.

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Required information Problem 14-10AB Effective Interest: Amortization of bond LO P6 [The following information applies to the questions displayed below.) Ike issues $200,000 of 9%, three-year bonds dated January 1, 2019, that pay in December 31. They are issued at $205,239. When the market rate is 8%. oblem 14-10AB Part 3 Prepare an effective interest amortization table for the bonds' first two years. Cash Interest Bond Interest Paid Expense Premium Amortization Unamortized Premium Carrying Value Semiannual Interest Period-End 01/01/2019 06/30/2019 12/31/2019 06/30/2020 12/31/2020 Prev 8 9 of 1

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