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Requlred Information [The following information applies to the questions displayed below.] On January 1, 2024, White Water Issues $520,000 of 8% bonds, due in 15
Requlred Information [The following information applies to the questions displayed below.] On January 1, 2024, White Water Issues $520,000 of 8% bonds, due in 15 years, with Interest payable semlannually on June 30 and December 31 each year. The market Interest rate on the Issue date is 7% and the bonds Issued at $567,819. Requlred: 1. Using an amortization schedule, show that the bonds have a carrylng value of $561,752 on December 31,2026 . (Round your final answers to the nearest whole dollar.) Required Information [The following information applies to the questions displayed below.] On January 1,2024 , White Water Issues $520,000 of 8% bonds, due in 15 years, with Interest payable semlannually on June 30 and December 31 each year. The market Interest rate on the Issue date Is 7% and the bonds issued at $567,819. 2. If the market Interest rate Increases to 9% on December 31,2026 , It will cost $482,312 to retire the bonds. Record the retirement of he bonds on December 31, 2026. (If no entry Is requlred for a particular transactlon/event, select "No Journal Entry Requlred" In ine first account fleld. Round your final answers to the nearest whole dollar.) Journal entry worksheet Record the retirement of the bonds Note: Enter debits before credits
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