anuary 1, Dora purchases 175 of the $1,000, 7%, 15-year bonds issued by Splash City, with interest receivable annually on June 30 and December 31 each year. ming the market interest rate on the issue date is 8%, Dora will purchase the bonds for $159,869.
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Required information
[The following information applies to the questions displayed below.]
On January 1, Dora purchases 175 of the $1,000, 7%, 15-year bonds issued by Splash City, with interest receivable
semiannually on June 30 and December 31 each year.
Assuming the market interest rate on the issue date is 8%, Dora will purchase the bonds for $159,869.
Required:
1. Complete the first three rows of an amortization table for Dora. (Round your answers to the nearest whole number.)
Date Cash Received Interest Revenue
1/1
6/30
12/31
Amortization of
Discount
Amortized Cost](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe0cc390e-8ccd-4800-a799-bde8666fb6d9%2Fc5e77b34-ed0f-436f-847d-5415c03d2aea%2F3x4l24_processed.jpeg&w=3840&q=75)
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- Required information [The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $360,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $335,539. Required: 1. Complete the first three rows of an amortization table. (Round your intermediate and final answers to the nearest whole dollar.) Change in Carrying Value Carrying Value Interest Date Cash Paid Expense 1/1/21 $ 335,539 6/30/21 12/31/21Required information [The following information applies to the questions displayed below.] On January 1, 2021, Splash City issues $310,000 of 9% 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 10%, the bonds will issue at $283,405. Required: 1. Complete the first three rows of an amortization table. (Round your intermediate and final answers to the nearest whole dollar.) Change in Carrying Value Interest Carrying Value Date Cash Paid Expense 1/1/21 6/30/21 12/31/21On January 1, Dora purchases 100 of the $1,000, 6%, 15-year bonds issued by Splash City, with interest receivable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 7%, Dora will purchase the bonds for $90,804. Required: 1. Complete the first three rows of an amortization table for Dora.
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