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On January 1, 20x1, Handler Transport issues $1,100,000 of 6% annual interest, multi-year bonds requiring interest payments at the end of each year. Assume the
On January 1, 20x1, Handler Transport issues $1,100,000 of 6% annual interest, multi-year bonds requiring interest payments at the end of each year. Assume the bonds' carrying value on January 1, 20x1, is $1,226,086. Prepare a bond amortization table through the first two payments assuming that the market rate for similar risk bonds is 5% You may round all numbers to the nearest dollar. Please copy and paste the blank table below into your answer field and type in the necessary information Cash Paid for Interest Decrease in Date Interest Expense Carrying Value Carrying Value Jan. 1, 20X1 Dec. 31, 20X1 Dec. 31, 20X2
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