Question: (Amortization ScheduleEffective Interest) Assume the same information as E14-6. Instructions Set up a schedule of interest expense and discount amortization under the effective interest method.

(Amortization Schedule—Effective Interest) Assume the same information as E14-6.

Instructions Set up a schedule of interest expense and discount amortization under the effective interest method. (Hint:

The effective interest rate must be computed.)

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