Question
es ! Required information [The following information applies to the questions displayed below.] On January 1, 2024, White Water issues $450,000 of 6% bonds,
es ! Required information [The following information applies to the questions displayed below.] On January 1, 2024, White Water issues $450,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $506,481. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2024 06/30/2024 $ 506,481 $ 12/31/2024 13,500 $ 13,500 12,662 $ 838 505,643
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