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Super Splash issues $920,000, 9% bonds on January 1, 2021, that mature in 15 years. The market interest rate for bonds of similar risk and maturity is 8%, and the bonds issue for $999,543. Interest is paid semiannually on June 30 and December 31.
Required:
Question 1. Complete the first three rows of an amortization schedule. (Do not round intermediate calculations. Round your final answers to the nearest whole dollar.)
[Cash Paid] [Interest Expense] [Change in carrying value] [Carrying Value]
01/01/2021
06/30/2021
12/31/2021
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