Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN: 9781337788281
Author: James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher: Cengage Learning
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![Exercise 9-14 (Algo) Record bonds issued at a discount and related semiannual interest (LO9-5) Skip to
question [The following information applies to the questions displayed below.] On January 1, 2024, White
Water issues $560,000 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 7%, the bonds will issue
at $500,204.](https://content.bartleby.com/qna-images/question/cd3f531a-6fed-4db6-89ab-085c7e5e245e/7b5dd2a1-1947-47ee-85bf-d8820bc4128a/l2dbhc8_processed.jpeg)
Transcribed Image Text:Exercise 9-14 (Algo) Record bonds issued at a discount and related semiannual interest (LO9-5) Skip to
question [The following information applies to the questions displayed below.] On January 1, 2024, White
Water issues $560,000 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 7%, the bonds will issue
at $500,204.
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