Robert Company issued 1,200 $1000 face value bonds on January 1, 2018. The bonds have...
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Robert Company issued 1,200 $1000 face value bonds on January 1, 2018. The bonds have a stated rate of 9%, mature on December 31, 2027, and pay interest on June 30 and December 31 of each year. The bonds were issued at a price of $1,281,542 when the market rate of interest was 8%.
Build and present the the complete amortization table
Determine the interest expense Robert should recognize for 2018
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