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Required information Exercise 9 - 1 9 ( Static ) Record the early retirement of bonds issued at a discount ( LO 9 - 6

Required information
Exercise 9-19(Static) Record the early retirement of bonds issued at a discount (LO9-6)
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[The following information applies to the questions displayed below.]
On January 1,2024, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 10% and the bonds issued at $457,102.
Exercise 9-19(Static) Part 1
Required:
1. Using an amortization schedule, show that the bonds have a carrying value of $458,633 on December 31,2025.(Round your final answers to nearest whole dollar.)

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