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Required information (The following information applies to the questions displayed below.) On January 1, 2018, Splash City issues $330,000 of 7% bonds, due in 10

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Required information (The following information applies to the questions displayed below.) On January 1, 2018, 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 8%, the bonds will issue at $307,577. Required: 1. Complete the first three rows of an amortization table. Date Cash Paid Interest Expense Increase in Carrying Value Carrying Value 1/1/18 6/30/18 12/31/18

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