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Required information [The following information applies to the questions displayed below.) On January 1, 2021, White Water issues $590,000 of 6% bonds, due in 20
Required information [The following information applies to the questions displayed below.) On January 1, 2021, White Water issues $590,000 of 6% 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 7%, the bonds will issue at $527,001. 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 Increase in Carrying Value Carrying Value 01/01/2021 06/30/2021 12/31/2021
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