(Answered) Question - legacy issues 550000 of 95 four-year bonds dated

Accounting

Question - Legacy issues $550,000 of 9.5%, four-year bonds dated January 1, 2017, 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.

Prepare a straight-line amortization table for the bonds' first two years.

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