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On January 1, 2021, a company issues $760,000 of 10% bonds, due in ten years, with interest payable semiannually on June 30 and December 31

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On January 1, 2021, a company issues $760,000 of 10% bonds, due in ten years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 11%, the bonds will issue at $714,589. Required: 1. Fill in the blanks in the amortization schedule below: (Round your answers to the nearest dollar amount. Enter all amounts as positive values.) Carrying Val Cash Paid 01/01/2021 12/31/2021 2. Record the bond issue on January 1, 2021, and the first two semi-annual interest payments on June 30. 2021, and December 31 2021. (f no entry is required for particular a particular transaction/event, select "No Journal Entry Required" in the first account field. Rounc your answers to the nearest dollar amount.) Journal entry worksheet Record the bond issue on January 1, 2021. Journal entry worksheet 3 2 Record the semi-annual interest payment on June 30, 2021. Note: Enter debits before credits. Credit Debit General Journal Date June 30, 2021 View transaction list Journal entry worksheet Record the semi-annual interest payment on December 31, 2021. Note: Enter debits before credits. Debit Credit General Journal Date De 31. 2021

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