Eagles Auto invested in bonds of ABC.,which it intends to hold until maturity 1/1/22.These 5-year bonds were dated 1/1/17,had a face value of $75,000,and pay 4% interest annually on 12/31.Eagles purchased these bonds when the market rate of interest was 3%.Complete the entire amortization table for this investment and record all entries for the life of the investment.
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