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On January 1, 2021. Splash City issues $470,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31
On January 1, 2021. Splash City issues $470,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Portions of the bond amortization schedule appear below. Cash paid for interest Interest expense Increase in carrying value Date VV2021 6/30/2021 12/31/2021 Carrying value $429,676 $430,010 $430,360 $21150 $21150 $21484 $21,500 $334 $350 What is the original issue price of the bonds? Multiple Choice $470,000 $429,676 $430,012
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