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Required Information [The following information applies to the questions displayed below.] On January 1,2024 , Splash City Issues $380,000 of 8% bonds, due In 15
Required Information [The following information applies to the questions displayed below.] On January 1,2024 , Splash City Issues $380,000 of 8% bonds, due In 15 years, with Interest payable semlannually 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. Required: 1. Complete the first three rows of an amortization schedule. (Round your Intermedlate and final answers to the nearest whole dollar.) Required Information [The following information applies to the questions displayed below.] On January 1, 2024, Splash City Issues $380,000 of 8% bonds, due in 15 years, with Interest payable semlannually 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. - Record the bond Issue on January 1, 2024, and the first two semlannual Interest payments on June 30, 2024, and December 31, 024. (If no entry is requlred for a particular transactlon/event, select "No Journal Entry Requlred" In the flrst account field. Round our intermedlate and final answers to the nearest whole dollar.) Journal entry worksheet
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