Elsworth Ltd. issued $1 million of five-year, 4% bonds dated May 1, 2014, for $1,046,110 when the

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Elsworth Ltd. issued $1 million of five-year, 4% bonds dated May 1, 2014, for $1,046,110 when the market interest rate was 3%. Interest is paid semi-annually on May 1 and November 1. Prepare an amortization schedule for the first three interest payments.
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Accounting Principles Part 3

ISBN: 978-1118306802

6th Canadian edition Volume 1

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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