Question: Help Save Submit On January 1, 2018, a company issues 3-year bonds with a face value of $120,000 and a stated interest rate of 7%

Help Save Submit On January 1, 2018, a company issues 3-year bonds with a face value of $120,000 and a stated interest rate of 7% Because the market interest rate is 5%, the company receives $126,535 for the bonds. Required: Fill in the table assuming the company uses effective-interest bond amortization (Round your answers to the nearest whole dollar.) Period Ended Cash Paid Interest Expense Amortized Premium Bonds Payable Premium on Bonds Payable Carrying Value 01/01/2018 12/31/2018 12/31/2019 12/31/2020

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