Question: Prepare an amortization schedule for a bond issued at discount: Jamison Corp issued $100,000, 8%, 10 year bonds on January 1, 2012, when the market

Prepare an amortization schedule for a bond issued at discount: Jamison Corp issued $100,000, 8%, 10 year bonds on January 1, 2012, when the market rate of interest was 10%. Proceeds were at $87,710.87. Interest is payab;e annually on January 1. Jamison uses the effective interest method to amortize bond premioums and discounts. Prepare an amortization schedule for the life of the bonds.

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