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please help Required information [The following information applies to the questions displayed below.) Alaskan Frontier provides rail and bus tours of Alaska Alaska Frontier Issues
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Required information [The following information applies to the questions displayed below.) Alaskan Frontier provides rail and bus tours of Alaska Alaska Frontier Issues $300,000 of 7% bonds on January 1, 2021 to finance operations. The bonds are 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 $279,615. Required: 1. Complete the first three rows of an amortization table (Round your intermediate and final answers to the nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 1/1/21 8/30/21 12/31/21 $ 10,500 10,500 Step by Step Solution
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