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Required information [The following information applies to the questions displayed below.] On January...

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Accounting

Required information

[The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $520,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $469,499.

Required: 1. Complete the first three rows of an amortization schedule.

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