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Tomkin Library System issues $5 million in bonds on January 1, 2024 that pay interest semiannually on June 30 and December 31. A portion
Tomkin Library System issues $5 million in bonds on January 1, 2024 that pay interest semiannually on June 30 and December 31. A portion of the bond amortization schedule appears below) Interest Decrease in Date 01/01/2024 Cash Paid Expense Carrying Value Carrying Value $5,500,000 06/30/2024 12/31/2024 $250,000 250,000 $220,000 218,800 $30,000 31,200 5,470,000 5,438,800 The bonds were issued at Multiple Choice Cannot be determined from the given information Face amount A premium. A discount OB 0
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