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Required information Exercise 9-12B Record bonds issued at a premium and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.]
Required information Exercise 9-12B Record bonds issued at a premium and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $590,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $664,053. Exercise 9-12B Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 01/01/Year 1 06/30/Year 1 12/31/Year 1
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