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On January 1, 2018, a company issues 3-year bonds with a face value of $50,000...

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Accounting

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On January 1, 2018, a company issues 3-year bonds with a face value of $50,000 and a stated interest rate of 7% Because the market interest rate is 5%, the company receives $52.723 for the bonds. Required: Fill in the table assuming the company uses effective-Interest bond amortization (Round your answers to the nearest whole dollar. Period Ended Cash Paid Interest Expense Amortized Premium Bonds Premium on Payable Boods Payable 550.000 Carrying Vale 52.723 $ 50.000 0 $ 0 01/01/2018 12/31/2018 12/31/2019 12/31/2020 0 0 0

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