Question: Cornerstone Exercise 9-31 (Algorithmic) Bonds ssurd at a Discaunt (Effertive Intrrest) 5icily Corporation issued $700,000 in 8% bords (Dayable on December 31, 2029) on January

Cornerstone Exercise 9-31 (Algorithmic) Bonds ssurd at a Discaunt (Effertive Intrrest)

Cornerstone Exercise 9-31 (Algorithmic) Bonds ssurd at a Discaunt (Effertive Intrrest) 5icily Corporation issued $700,000 in 8% bords (Dayable on December 31, 2029) on January 1, 2020, for $651,000. Interest is peid on June 30 and December 31, The market rate or interest is 12% Required Prepara the amortization toblz through Dber 31, 2021, using the etfective interest rete method. If an amount tox does not require an entry,leave it blank and if the answe is zero, enter "D' If required, round your answers to the nearest whole dollar Sicily Corporaion nartiratian Table Ranod Cash ymert (Crodt Interest Experse (o issue scount an Eonds Payohle (orci scourr on Bards Parable Balance Carrying Valuc 53020 1231,2028,000 28,000 19060 28.000V 12/31/21 | 2.nlin

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