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Required information [The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $470,000 of 9% bonds, due in 20
Required information [The following information applies to the questions displayed below.) On January 1, 2021, Splash City issues $470,000 of 9% bonds, due in 20 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 $516,513 Required: 1. Complete the first three rows of an amortization table. (Round your final answers to the nearest whole dollar.) Decrease in Cash Paid Date Interest Expense Carrying Carrying Value Value 1/1/21 6/30/21 12/31/21 arch
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