On January , 2022, Oriole Company issued $2,780,000 face value, 12%, 10 year bonds at...
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On January , 2022, Oriole Company issued $2,780,000 face value, 12%, 10 year bonds at $2,29,150. This price resulted in an effective-interest rate of 13% on the bonds. Oriole uses the effective-interest method to amortize bond premium or discount. The bonds pay annually interest January 1. Prepare the amortization table through December31, 2024. Can you please show the formula. Thanks!
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