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1.) On 3/1/2020 ABC Co. issued $500,000 8%, 8 year bond to yield 10%. Interest is...

1.) On 3/1/2020 ABC Co. issued $500,000 8%, 8 year bond to yield 10%. Interest is paid each March 1 and September 1. Fiscal year end is December 31.

The bond is issued for ______________________

The entry to record the issuance of the bond is:

Prepare the amortization schedule for the Bond. You only need to show the first 4 periods. Label the amortization schedule with account names and debits/credits:

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