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Amortization Schedules - Straight Line, Spencer Company

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1) (Amortization Schedules - Straight Line) Spencer Company sells 10% bonds having a maturity value of $300,000,000 for $2,783,724. The bonds are dated January 1, 2012, and mature January 1, 2017. Interest is payable annually on January 1.

2) (Amortization Schedules - Effective-Interest) Assume the same information as #2 but in Effective Interest Method.

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Solution Summary

This solution provides amortization schedules.

Solution provided by:
Carol Sargent, PhD
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  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
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