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  3. on january 1,2023, bramble limited paid $396,676.7

On January 1,2023, Bramble Limited paid $396,676.70 for 14% bonds with a maturity value of...

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Accounting

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On January 1,2023, Bramble Limited paid $396,676.70 for 14% bonds with a maturity value of $370,000. The bonds provide the bondholders with a 12% yield. They are dated Januaryy1, 2023, and mature on January 1, 2028, with interest receivable on December 31 of each year. Bramble accounts for the bonds using the amortized cost approach, applies ASPE using the effective interest method, and has a December 31 year end. Prepare a bond amortization schedule. (Round answers to 2 decimal places, eg. 52.75.) 12/31/23$ $ $ 12/31/24 51800 12/31/25 12/31/26 12/31/27 51800 51800 \( \frac{51800}{\$ \longdiv { 2 5 9 0 0 d }} \) \begin{tabular}{l} Interest Income \\ \hline eceived \\ \hline Premium Amortization \end{tabular}

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