On January 1, 2024, White Water issues $510,000 of 7 % bonds, due in 10 years, with interest payable semiannually on June 30 and
On January 1, 2024, White Water issues $510,000 of 7 % bonds, due in 10 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 $475,346. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2024 06/30/2024 12/31/2024 $ 475,346 $ 17,850 $ 17,850 19,014 $ 1,164
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