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On January 1, 2021, a company issues $790,000 of 6% bonds, due in seven years, with interest payable semiannually on June 30 and December
On January 1, 2021, a company issues $790,000 of 6% bonds, due in seven years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $836,179. Required: a. Fill in the blanks in the amortization schedule below: (Round your answers to the nearest dollar amount.) Date 01/01/2021 Cash Paid Interest Expense Change in Carrying Value Carrying Value 06/30/2021 12/31/2021
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