apter #9 Saved Help Save & Exit Submit Check my work ! Required information The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $390,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 8% and the bonds issued at $363,499. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $367,278 on December 31, 2022. (Round Interest expense to nearest whole dollar.) Interest Increase in Carrying Date Cash Paid O BA Connect C Problem (197) on Search THE TO BEST Cheap 1 x Me Sign Up Se + endomen zation.com/emaindex.html?con con el browser &launchullit 16253A%25252.meducation.com 22 ghidde22herod. Saved Help Save & Exit Submit apter #9 0 Check my work Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $367,278 on December 31, 2022 (Round Interest expense to nearest whole dollar.) Date Cash Pald Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 S BE tion.com/indexhtml?concorernal browser lanchettp%253A%25 hieducation.com/392fmghdwww352mheproducts apter #9 A Saved Help Save & Exit Sub Check my wor 2. If the market interest rate drops to 5% on December 31, 2022, it will cost $440,915 to retire the bonds. Record the retirement of the bonds on December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your intermediate calculations to the nearest whole dollar amount.) View transaction list Journal entry worksheet o II apter #9 Saved Help Save & Exit Submit Check my work ! Required information The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $390,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 8% and the bonds issued at $363,499. Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $367,278 on December 31, 2022. (Round Interest expense to nearest whole dollar.) Interest Increase in Carrying Date Cash Paid O BA Connect C Problem (197) on Search THE TO BEST Cheap 1 x Me Sign Up Se + endomen zation.com/emaindex.html?con con el browser &launchullit 16253A%25252.meducation.com 22 ghidde22herod. Saved Help Save & Exit Submit apter #9 0 Check my work Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $367,278 on December 31, 2022 (Round Interest expense to nearest whole dollar.) Date Cash Pald Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 S BE tion.com/indexhtml?concorernal browser lanchettp%253A%25 hieducation.com/392fmghdwww352mheproducts apter #9 A Saved Help Save & Exit Sub Check my wor 2. If the market interest rate drops to 5% on December 31, 2022, it will cost $440,915 to retire the bonds. Record the retirement of the bonds on December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account field. Round your intermediate calculations to the nearest whole dollar amount.) View transaction list Journal entry worksheet o
