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(Analysis of Amortization Schedule and Interest Entries)
The following amortization and interest schedule reflects the issuance of 10-year bonds by Capulet Corporation on January 1, 2006, and the subsequent interest payments and charges. The company's year-end is December 31, and financial statements are prepared once yearly.
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Amortization Schedule
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Year
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Cash
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Interest
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Amount
Unamortized
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Book Value
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1/1/2006
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$16,280
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|
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$8,362
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$139,638
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2006
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16,280
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$16,757
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7,885
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140,115
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2007
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16,280
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16,814
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7,351
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140,649
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2008
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16,280
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16,878
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6,753
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141,247
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2009
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16,280
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16,950
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6,083
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141,917
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2010
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16,280
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17,030
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5,333
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142,667
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2011
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16,280
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17,120
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4,493
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143,507
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2012
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16,280
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17,221
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3,552
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144,448
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2013
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16,280
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17,334
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2,498
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145,502
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2014
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16,280
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17,460
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|
1,318
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146,682
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2015
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16,280
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17,598
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148,000
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