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Required information [The following information applies to the questions displayed below) (2) On January 1, 2021, Vacation Destinations issues $34 million of bonds that pay
Required information [The following information applies to the questions displayed below) (2) On January 1, 2021, Vacation Destinations issues $34 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below. (3) (4) (5) Increase Cash Paid Interest in Carrying Carrying for Interest Expense Value Value 1/1/2021 $31,689,644 6/30/2021 $1,190,000 $1,267,586 $77,586 31,767,230 1,190,000 1,270,689 80,689 31,847,919 Date 12/31/2021 ces 3. What is the face amount of the bonds? (Enter your answer in dollars, not millions. (i.e., $5.5 million should be entered as 5,500,000).) Face amount
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