Question: Cornerstone Exercise 9-31 Bonds Issued at a Discount (Effective Interest) Crafty Corporation issued $475,000 of 5%, seven-year bonds on December 31,2022 , for $448,484. Interest

Cornerstone Exercise 9-31 Bonds Issued at a Discount (Effective Interest) Crafty

Cornerstone Exercise 9-31 Bonds Issued at a Discount (Effective Interest) Crafty Corporation issued $475,000 of 5%, seven-year bonds on December 31,2022 , for $448,484. Interest is paid annually on December 31 . The market rate of interest is 6%. Required: Prepare the amortization table using the effective interest rate method. For those boxes in which no entry is required, leave the box blank. If required, round your answers to the nearest whole dollar. Crafty Corporation Amortization Table

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