Required information [The following information applies to the questions displayed below) On January 1, 2021. White Water Issues $600,000 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 $644,632 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 Decrease in Carrying Value Carrying Value 01/01/2021 08/30/2021 12/31/2021 - Required information [The following information applies to the questions displayed below.] On January 1, 2021. White Water Issues $600,000 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 $644,632 2. Record the bond issue on January 1, 2021, and the first two semiannual Interest payments on June 30, 2021, and December 31, 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction et Journal entry worksheet 1 2 3 Record the bond issue. Nota: Enter this before credits General Journal Debit Credit Date January 01, 2021 acord entry Clearly Viw gal journal Required information me following information applies to the questions displayed below.) On January 1, 2021. White Water issues $600,000 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 $644632 2. Record the bond issue on January 1, 2021. and the first two semiannual Interest payments on June 30, 2021, and December 31 2021, of no entry is required for a particular transaction/event, select "No Journal Entry Requtred" in the first account field. Round your final answers to the nearest whole dollar.) Men transaction Journal entry worksheet 3 A Racord the first comlannupinterest payment, General Journal Debit Credit June 30 2021 Required information [The following information applies to the questions displayed below) On January 1, 2021. White Water Issues $600,000 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 $644,632 2 Record the bond issue on January 1, 2021, and the first two semiannual Interest payments on June 30, 2021 and December 31. 2021. (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction at Journal entry worksheet
