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fix the wrong ! Required information Exercise 9-11 (Algo) Record bonds issued at a discount and related semiannual interest (L09-5) [The following information applies to
fix the wrong
! Required information Exercise 9-11 (Algo) Record bonds issued at a discount and related semiannual interest (L09-5) [The following information applies to the questions displayed below.) On January 1, 2024, Splash City issues $470,000 of 9% 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 10%, the bonds will issue at $429,678. Exercise 9-11 (Algo) Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Round your intermediate and final answers to the nearest whole dollar.) Date Value Answer is complete but not entirely correct. Interest Change in Carrying Cash Paid Expense Carrying Value 429,678 $ 21,150 $ 21,484 $ 334 429,344 21,150 21,467 317 429,027 1/1/2024 6/30/2024 12/31/2024 Step by Step Solution
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