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Required information The following information apples to the questions displayed below/ On January 1, 2021. White Water issues $490,000 of 5% bonds due in 15
Required information The following information apples to the questions displayed below/ On January 1, 2021. White Water issues $490,000 of 5% bonds due in 15 years, with interesi payable annually on December 31 each year Assuming the market interest rate on the issue date is 6% the bonds will issue at $442,412. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar) Date Interest Expense Carrying Value Cash Paid increase in Carrying Value 01/01/2021 12/31/2021 12/31/2022
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