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The following information applies to the questions displayed below. On January 1, 2018, Splash City issues $360,000 of 7% bonds, due in 10 years, with

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The following information applies to the questions displayed below. On January 1, 2018, Splash City issues $360,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and Decem ber 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $386,781. value: 13.00 points Required 1. Complete the first three rows of an amortization table. Interest Decrease in Carrying Value Date Cash Paid Expense Carrying Value 6/30/18 12/31/18

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