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Required information Exercise 9 - 2 0 ( Algo ) Record the early retirement of bonds issued at a premium ( LO 9 - 6

Required information
Exercise 9-20(Algo) Record the early retirement of bonds issued at a premium (LO9-6)
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[The following information applies to the questions displayed below.]
On January 1,2024, White Water issues $530,000 of 6% 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 5% and the bonds issued at $596,522.
Exercise 9-20(Algo) Part 1
Required:
1. Using an amortization schedule, show that the bonds have a carrying value of $590,217 on December 31,2026.(Round your final answers to the nearest whole dollar.)

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