Serenity, Inc. is authorized to issue 11%, 10-year bonds payable. On January 1, 2016, when...
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Serenity, Inc. is authorized to issue 11%, 10-year bonds payable. On January 1, 2016, when the market interest rate is16%, the company issues $100,000 of the bonds. The bonds pay interest semiannually. Prepare an amortization table for the bond using the effective-interest method, through the first two interest payments.
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