ACC 545 Week 3 Jamona Corporation Data

May 1st, 2015
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ACC 545 Week 3 Jamona Corporation Data

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University of Phoenix MaterialJamona CorporationOn January 1, 2006, Jamona Corp. purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. They are dated January 1, 2006, and mature January 1, 2011, with interest receivable December 31 of each year. The company uses the effective-interest method to allocate unamortized discount or premium. The bonds are classified as available-for-sale. The fair value of the bonds at December 31 of each year is as follows:2006 $320,500 2007 $309,000 2008 $308,0002009

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