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Help Save & Exit Discount-Mart issues $19 million in bonds on January 1, 2021 The bonds have a ten year term and pay interest semiannually
Help Save & Exit Discount-Mart issues $19 million in bonds on January 1, 2021 The bonds have a ten year term and pay interest semiannually on June 30 and December 31 each year Below is a partial bond amortization schedule for the bonds Interest Increase in Carrying Date Cash Paid Expense Carrying Value Value 01/01/2021 $16,987,137 06/30/2021 $1,140,000 $1,189,100 $49, 100 17,036,237 12/31/2021 1,140,000 1,192,537 52,537 17,088,774 06/30/2022 1, 140,000 1,196,214 56,214 17,144,988 12/31/2022 1,140,000 1,200,149 60,149 17,205,137 What is the carrying value of the bonds as of December 31, 2022
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