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On June 1, 2019 Adelphi company issued $155,000 of 6% 5-year bonds. The bonds which were issued at 101, pay interest on January 1 and June 1.

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Question

On June 1, 2019 Adelphi company issued $155,000 of 6% 5-year bonds. The bonds which were issued at 101, pay

interest on January 1 and June 1. Use this to calculate the amount of bond discount or premium that it amortized with each interest payment. Discounts should be entered positive and premiums should be entered negative.

 
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