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Unformatted text preview: Revised carrying value as of June 30, 20X6$ Effective interest rate X 0.04 Effective interest cost$ Less cash paid (3% X $1,000,000)Amortization for July 1 to Dec. 31, 20X6$ Plus: Carrying value before periodic amortizationRevised carrying value as of Dec. 31, 20X6$ 1 of 2 Name: Date: Section: I13.06 (b) GENERAL JOURNAL Date Accounts Debit Credit 31Dec 31Dec (c) Periodic interest payments ($1,000,000 X 3%)$ Present value factor (16period annuity, 2.5%) X$ Maturity value 1,000,000 $ Present value factor (16 periods, 2.5%) X$ Price of bond at 5%, 8 years to maturity$ 2 of 2...
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 Spring '11
 hudack
 Accounting, Amortization, Depreciation, Time Value Of Money, $1,000,000, $ 1,000,000, $  2, $ 0.04 0.04 0.04 0.04

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