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Required Information [The following information applies to the questlons displayed below.] On January 1, 2024, Splash City Issues $320,000 of 8% bonds, due in 15
Required Information [The following information applies to the questlons displayed below.] On January 1, 2024, Splash City Issues $320,000 of 8% bonds, due in 15 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 $349,428. equlred: Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Required Information [The following information applles to the questions displayed below.] On January 1, 2024, Splash City Issues $320,000 of 8% bonds, due In 15 years, with Interest payable semlannually on June 30 and December 31 each year. Assuming the market Interest rate on the issue date is 7%, the bonds will Issue at $349,428. Record the bond Issue on January 1, 2024, and the first two semlannual Interest payments on June 30, 2024, and December 31, 2024. (If no entry is requlred for a particular transaction/event, select "No Journal Entry Requlred" In the flrst account fleld. Round our final answers to the nearest whole dollar.) Journal entry worksheet
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