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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
P15-10 Bond Investment Discount Amortization Schedule The Tudor Company acquired $500,000 of Carr Corporation bonds for $487,706.69 on January 1, 2007. The bonds carry an 11% stated interest rate, pay interest semiannually on January 1 and July 1, were issued to yield 12%, and are due January 1,  2010.
1.     Prepare an investment interest revenue and discount amortization schedule using:
a. The straight-line method
b. The effective interest method
2.     Prepare the July 1, 2009 journal entries to record the interest revenue under both methods.
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