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On 3/1/2020 ABC Co. issued $500,000 8%, 8 year bond to yield 10%. Interest is...

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Accounting

  1. On 3/1/2020 ABC Co. issued $500,000 8%, 8 year bond to yield 10%. Interest is paid each March 1 and September 1. Fiscal year end is December 31.

The bond is issued for ______________________

The entry to record the issuance of the bond is: (2 points)

Prepare the amortization schedule for the Bond. You only need to show the first 4 periods. Label the amortization schedule with account names and debits/credits:

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