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Return to question Required information (The following information applies to the questions displayed below. Part 1 of 2 On January 1, 2021, Splash City issues
Return to question Required information (The following information applies to the questions displayed below. Part 1 of 2 On January 1, 2021, Splash City issues $490,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. points Assuming the market interest rate on the issue date is 9%, the bonds will issue at $450,092 Required: 1. Complete the first three rows of an amortization table. (Round your intermediate and final answers to the nearest whole dollar.) Answer is complete but not entirely correct. Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 1/1/21 6/30/21 12/31/21 $ $ 17,200 17,200 X $ 20,254 20,392 % 3,054 3,192 X $ 450,092 453,146 456,338 %
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