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Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value $ 1/1/Year 1 6/30/Year 1 12/31/Year 1 $ 516,513 516,023 21,150 $ 20,660 $
Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value $ 1/1/Year 1 6/30/Year 1 12/31/Year 1 $ 516,513 516,023 21,150 $ 20,660 $ 489 21,150 20,641 509 515,514 Required information The following information applies to the questions displayed below) On January 1 Year la company issues $470.000 of 9% bonds, due in 20 years with interest payable semiannual on June 30 and December 31 each year Assuming the market interest rate on me issue date is 8%, the bonds will issue a $S16,513 2. Record the bond issue on January 1 Year 1. and the first two semiannual interest payments on June 30 Yeart and December Year 1 (if no entry is required for a particular transaction/event, select "No Journal Entry Required in the first account feld, Round your final answers to the nearest whole dollar) View transactions Journal entry worksheet Record the bond issue Vestigate O LI
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