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Required: - Complete the first three rows of an amortization schedule. (Hint. Use lllustration 9-6, except the dates for he first three rows will be
Required: - Complete the first three rows of an amortization schedule. (Hint. Use lllustration 9-6, except the dates for he first three rows will be 1/1/2024,12/31/2024, and 12/31/2025 since interest is payable annually rather han semiannually. Interest expense for the period ended December 31, 2024, is calculated as the carrying alue of $527,496 times the market rate of 7%.) (Round your final answers to the nearest whole dollar.) 1. Using an amortization schedule, show that the bonds have a carrying value of $452,891 on December 31 , 2025. (Round your final answers to nearest whole dollar.)
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