Wildhorse Co. sells $462,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due d

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answerhappygod
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Wildhorse Co. sells $462,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due d

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Wildhorse Co. sells $462,000 of 10% bonds on
March 1, 2020. The bonds pay interest on September 1 and March 1.
The due date of the bonds is September 1, 2023. The bonds
yield 12%. Give entries through December 31, 2021.

Prepare a bond amortization schedule using the effective-interest
method for discount and premium amortization. Amortize premium or
discount on interest dates and at year-end. (Round
answers to 0 decimal places, e.g. 38,548.)
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