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On January 1, 2024, Splash City issues $310,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December
On January 1, 2024, Splash City issues $310,000 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 $340,679. Exercise 9-12 (Algo) Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Change in Date Cash Paid Interest Expense Carrying Value Carrying Value 1/1/2024 6/30/2024 12/31/2024
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