On January 1, Year 1, Hart Company issued bonds with a face value of $133,000, a stated rate of interest of 17 percent, and a five-year term to maturity. Interest is payable in cash on December 31 of each year. The effective rate of interest was 16 percent at the time the bonds were issued. The bonds sold for $137,355. Hart used the effective interest rate method to amortize the bond premium. (Round your intermediate calculations and final answers to the nearest whole number.)
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On January 1, Year 1, Hart Company issued bonds with a face value of $133,000, a stated rate of inte...
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