Question

Refer to the information for Crafty Corporation above.
Crafty Corporation issued $475,000 of 5 percent, seven-year bonds on December 31, 2011 for $448,484. Interest is paid annually on December 31. The market rate of interest is 6 percent.

Required:
Prepare the amortization table using the effective interest rate method. (Note: Round to the nearest dollar.)


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  • CreatedSeptember 22, 2015
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