Question: Moreau Candies issued $ 3 9 0 , 0 0 0 of 9 % , five - year bonds on January 1 , 2 0

Moreau Candies issued $390,000 of 9%, five-year bonds on January 1,2020, when the market interest rate was 13%. The company pays interest annually at year-end. The issue price of the bonds was $335,131.
Requirement
Create a spreadsheet model to prepare a schedule to amortize the bonds. Use the effective-interest method of amortization. Round to the nearest dollar.
Moreau Candies issued $390,000 of 9%, five-year bonds on January 1,2020,

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