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The olowing intormation appls othe questions displayed below) Legacy...

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The olowing intormation appls othe questions displayed below) Legacy issues $550,000 of 9.5%, four-year bonds dated January 1, 2015, that pay interest semiannually on June 30 and December 31, They are issued at $507,301 and their market rate is 12% at the issue date References eBook& Resources Section Break Difficulty: 3 Hard Learning Obj expense. 3. Prepare a straight-line amortization table for the bonds' first two years. 2. Determine the total bond interest expense to be recognized over the bonds life. Total bond interest expense over life of bonds: Amount repaid: Semiannual Period- Unamortized Carrying Value Discount 01/01/2015 06/30/2015 12/31/2015 06/30/2016 12/31/2016 payments of Par value at maturity Total repaid Less amount borrowed I bond interest expense References eBook & Resources References eBook & Resources Expanded table Learning Objective: 14-P1 Prepa entries to record bond issuance Expanded table Learning Objective: 14-P1 Prepare entries to record bond issuance and interest expense. interest expense

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