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Its die tonight, please help! Required information The following information applies to the questions displayed below] On January 1, 2024, Splash City issues $330,000 of
Its die tonight, please help!
Required information The following information applies to the questions displayed below] On January 1, 2024, Splash City issues $330,000 of 7$ bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue dote is 6%, the bonds will issue at $354,549. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Required information The following information applies to the questions displayed below] On January 1, 2024, Splash City issues $330,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each yeat. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $354,549. 2. Record the bond issue on January 1, 2024, and the first two semiannual interest poyments on June 30, 2024, and December 31 , 2024: (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field, Round your final answers to the nearest whole dollar.) Journal entry worksheet Step by Step Solution
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