On January 1, 2020, Drew Company issued $400,000, 5-year bonds for $368,000. The states ratio of interest was 8% and interest is paid annually on…
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On January 1, 2020, Drew Company issued $400,000, 5-year bonds for $368,000. The states ratio of interest was 8% and interest is paid annually on December 31.
Prepare the amortization table for Drew Company’s bonds. If an a out box does not require an entry, leave it blank and if the answer is zero, enter “0”.
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