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Required Information [ The following information applies to the questions allsplayed below. ] On January 1 , 2 0 2 4 , Splash City Issues

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Required Information
[The following information applies to the questions allsplayed below.]
On January 1,2024, Splash City Issues $380.000 of 8% bonds, due In 15 years, with interest payable semiannually on
June 30 and December 31 each year.
Assuming the market Interest rate on the issue date is 9%, the bonds will issue at $349.051.
How will the bond Issuance on January 1,2024, affect the financlal statements?
How will the first two semlannual Interest payments on June 30,2024, and December 31,2024, affect the financlal statements?
Complete this question by entering your answers in the tabs below.
How will the bond issuance on January 1,2024, affect the financial statements?
Note: Amounts to be deducted should be indicated by a minus sign.
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