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ix D- Homework - Investments Help Save & EX Required information Exercise D-11 Record investment in bonds at a premium (LO D-5) (The following information
ix D- Homework - Investments Help Save & EX Required information Exercise D-11 Record investment in bonds at a premium (LO D-5) (The following information applies to the questions displayed below.) On January 1, Splash City issues $500,000 of 7% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. T. Bone Investment Company (TBIC) purchases all of the bonds in a private placement. Assuming the market interest rate on the issue date is 6%, TBIC will purchase the bonds for $549,001. Exercise D-11 Part 1 Required: 1. Complete the first three rows of an amortization table for TBIC. (Round your answers to the nearest whole number.) Date Cash Received Interest Revenue Amortization of Amortized Cost Premium $ 549.001 1/1 $ 6/30 12/31 17,500 17,500 Draw A H Next >
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