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Exercise 9-17 Record the retirement of bonds (LO9-7) (The following information applies to the questions displayed below On January 1, 2018 White Water issues
Exercise 9-17 Record the retirement of bonds (LO9-7) (The following information applies to the questions displayed below On January 1, 2018 White Water issues $600,000 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 6% and the bonds sued at $644,632 References Section Break 5. Awant 0 out of 0.62 points Exercise 9-17 Part 1 Exercite 9-17 Record the retirement of bonds 8097) Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $633,887 on December 31, 2020 Dale Cash Pad Interest Expense Decrease in Carrying Value Carrying Value 01/01/18 63018 1201/18 600/19 12/31/18 60020 12/3100 You did not receive full credit for this question in a previous empt
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