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Complete the first three rows of an amortization schedule

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Reference no: EM132559342

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

Reference no: EM132559342

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