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Required information Skip to question [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $410,000 of 7% bonds,
Required information Skip to question [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $410,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $382,487.
! Required information [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $410,000 of 7% bonds, due in 10 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $382,487. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Answer is complete but not entirely correct. Date 01/01/2021 12/31/2021 12/31/2022 Increase in Cash Interest Carrying Carrying Paid Expense Value Value $ 410,474 X $ 30,800 X $ 32,838 X $ 2.038 X 412.512 X 30.800 X 33,001 X 2,201 X 414,713 XStep by Step Solution
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