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Help please Required information Exercise 9-17A Record the early retirement of bonds issued at a premium (LO9-6) (The following information applies to the questions displayed
Help please
Required information Exercise 9-17A Record the early retirement of bonds issued at a premium (LO9-6) (The following information applies to the questions displayed below] On January 1, 2021, White Water Issues $400,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 cach year. The market interest rate on the issue date is 7% and the bonds issued at $436,784. Exercise 9-17A Part 1 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $432,116 on December 31, 2023. (Round your Interest expense to the nearest whole dollar.) Date Cash Pald Interest Expense Decrease in Carrying Value Carrying Value 01/01/2021 08/30/2021 12/31/2021 S 16,000 06//20722 12/31/2022 06/30/2023 12/31/2023Step by Step Solution
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