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! Required information [The following information applies to the questions displayed below.)] On January 1, 2024, Splash City issues $330,000 of 7% bonds, due
! Required information [The following information applies to the questions displayed below.)] On January 1, 2024, Splash City issues $330,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $354,549. 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 Change in Carrying Value Carrying Value 1/1/2024 6/30/2024 12/31/2024 $ 354,549 $ 11,550 $ 11,550 8,273 $ 859
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