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Super Splash issues $1,000,000, 7% bonds on January 1, 2018, that mature in 15 years. The market interest rate for bonds of similar risk and
Super Splash issues $1,000,000, 7% bonds on January 1, 2018, that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 6%, and the bonds issue for $1,098,002. Interest is paid semiannually on June 30 and December 31. value: 6.25 points Required information Required: 1. Complete the first three rows of an amortization schedule. Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value $ 1,098,002 01/01/18 06/30/18 12/31/18 35,000 35,000
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