Required information Skip to question [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $450,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $506,080. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) please show me what the rows will will look like thanks!

Required information Skip to question [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $450,000 of 6% bonds, due in 20 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $506,080. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) please show me what the rows will will look like thanks!

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter13: Investments And Long-term Receivables

Section: Chapter Questions

Problem 1RE

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Required information [The following information applies to the questions displayed below.] On January 1, 2024, White Water issues $530,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 5%, the bonds will issue at $596,522. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Date 01/01/2024 06/30/2024 12/31/2024 Cash Paid Interest Expense Change in Carrying Value Carrying Value
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Required information [The following information applies to the questions displayed below.] On January 1, 2021, White Water issues $460,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year. Assuming the market interest rate on the issue date is 6%, the bonds will issue at $415,326. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Answer is complete but not entirely correct. Cash Date Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 12/31/2021 12/31/2022 $ $460,000 $ 27,600 $ 460,000 464,600 x 27,876x (4,600) 464,600x (4,876) 469,476 x
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