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Hello please show me how to work this problem. Super Splash issues $1,000,000, 7% bonds on Jan 1st, 2018, that mature in 15 years. The
Hello please show me how to work this problem.
Super Splash issues $1,000,000, 7% bonds on Jan 1st, 2018, that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 6%, and the bonds issue for $1,098,002. Interest is paid semiannually on June 30th and Dec 31st.
1. Complete the first three rows of an amortization schedule.
2. Record the issuance of the bonds on Jan 1st, 2018.
3. Record the interest payments on June 30th, 2018, and December 31, 2018.
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