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Required information The following information applies to the questions displayed below. On January 1, Splash City issues $420,000 of 6% bonds, due in 15 years,
Required information The following information applies to the questions displayed below. On January 1, Splash City issues $420,000 of 6% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. T. Bone Investment Company (TBIC) purchases all of the bonds in a private placement. Assuming the market interest rate on the issue date is 5%, TBIC will purchase the bonds for $463,954 Required: 1. Complete the first three rows of an amortization table for TBIC. (Round your answers to the nearest whole number.) Amortization of Amortized Cost Date Cash Received Interest Revenue Amprtizd Cost Premium 6/30 12/31
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