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On January 1 , 2 0 2 4 , a company issues $ 7 2 0 , 0 0 0 of 8 % bonds, due
On January a company issues $ of bonds, due in nine years, with interest payable semiannually on June and December each year. Assuming the market interest rate on the issue date is the bonds will issue at $
Required:
Fill in the blanks for the first three rows of the amortization schedule below:
Record the bond issue on January and the first two semiannual interest payments on June and December
Complete this question by entering your answers in the tabs below.
Required
Fill in the blanks for the first three rows of the amortization schedule below: Round your answers to the nearest dollar amount.
tableDateCash Paid,tableInterestExpensetableChange inCarrying ValueCarrying Value
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