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Northern Autoparts Inc. issued $105,000 of 2%, five-year bonds at a price of 83 on...

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Accounting

Northern Autoparts Inc. issued $105,000 of 2%, five-year bonds at a price of 83 on January 31,20x1(Note: When the issue price of bonds is provided, as in this case, you do not need to calculate
it yourself; just use the stated price.). The market interest rate at the date of issuance was 5%, and the standard bonds pay interest semi-annually.
Read the requirements.
Requirement 1. Prepare an effective-interest amortization table for the bonds through the first three interest payments. (Round your answers to the nearest whole dollar.)
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