Required information Exercise 9 - 19 (Algo) Record the early retirement of bonds issued at a discount (LO9-6) [The following information applies to the questions displayed below.] On January 1,2024, Splash City issues $490,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 9% and the bonds issued at $450,092. Exercise 9 - 19 (Algo) Part 1 Required: Using an amortization schedule, show that the bonds have a carrying value of $452, 891 on December 31, 2025. (Round your final answers to nearest whole dollar.) \table[[Date, Cash Paid, Interest Expense,\table[[Change in Carrying], [Value]], Carrying Value], 10/2024..../2024, dots.. 01 30 1./2024/2025..... 6/2025...],[12/2025...]] 31 30 31 Required information Exercise 9-19 (Algo) Record the early retirement of bonds issued at a discount (LO9-6) [The following information applies to the questions displayed below.] On January 1, 2024, Splash City issues $490,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 9% and the bonds issued at $450,092. Exercise 9-19 (Algo) Part 1 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $452,891 on December 31, 2025. (Round your final answers to nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2024 06/30/2024 12/31/2024 06/30/2025 12/31/2025
Required information Exercise 9 - 19 (Algo) Record the early retirement of bonds issued at a discount (LO9-6) [The following information applies to the questions displayed below.] On January 1,2024, Splash City issues $490,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 9% and the bonds issued at $450,092. Exercise 9 - 19 (Algo) Part 1 Required: Using an amortization schedule, show that the bonds have a carrying value of $452, 891 on December 31, 2025. (Round your final answers to nearest whole dollar.) \table[[Date, Cash Paid, Interest Expense,\table[[Change in Carrying], [Value]], Carrying Value], 10/2024..../2024, dots.. 01 30 1./2024/2025..... 6/2025...],[12/2025...]] 31 30 31 Required information Exercise 9-19 (Algo) Record the early retirement of bonds issued at a discount (LO9-6) [The following information applies to the questions displayed below.] On January 1, 2024, Splash City issues $490,000 of 8% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 9% and the bonds issued at $450,092. Exercise 9-19 (Algo) Part 1 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $452,891 on December 31, 2025. (Round your final answers to nearest whole dollar.) Date Cash Paid Interest Expense Change in Carrying Value Carrying Value 01/01/2024 06/30/2024 12/31/2024 06/30/2025 12/31/2025
Chapter13: Long-term Liabilities
Section: Chapter Questions
Problem 5PA: Volunteer Inc. issued bonds with a $500,000 face value, 10% interest rate, and a 4-year term on July...
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