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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 Static Record the early retirement of bonds issued at a discount LO
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On January Splash City issues $ of bonds, due in years, with interest payable semiannually on June and December each year. The market interest rate on the issue date is and the bonds issued at $
Exercise Static Part
Required:
Using an amortization schedule, show that the bonds have a carrying value of $ on December Round your final answers to nearest whole dollar.
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