On January 1, 2015, Splash City issues $370,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.

Assuming the market interest rate on the issue date is 8%, the bonds will issue at $406,617.

2.	Record the bond issue on January 1, 2015, and the first two semiannual interest payments on June 30, 2015, and December 31, 2015.

7 value: 0.00 points You did not receive credit for this question in a previous attempt Exercise 9-7 Part 1 Required 1. Complete the first three rows of an amortization table. Date C Interest Decrease in Carrying Expense Carrying Value Value Date Cash Paid 6/30/15 12/31/15