Question: Presented below is the partial bond discount amortization schedule for Pharoah Corp. Pharoah uses the effective-interest method of amortization. (a) Prepare the journal entry to

Presented below is the partial bond discount amortization schedule for Pharoah Corp. Pharoah uses the effective-interest method of amortization. (a) Prepare the journal entry to record the payment of interest and the discount amortization at the end of period 1. (Credit occount titles are automatically indented when amount is entered. Do not indent manually.)

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