Exercise 9-12B Record bonds issued at a premium and related semian interest (The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $460,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 4%, the bonds will issue at $511,511. Exercise 9-12B Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Interest Expense Date Cash Paid Decrease in Carrying Value Carrying Value 01/01/Year 1 24 460,000 06/30/Year 1 2$ 19,950 $ 10,230 $ 9,720 12/31/Year 1 19,950 10,230 9,720

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Exercise 9-12B Record bonds issued at a premium and related semiannual interest (LO9-5)
[The following information applies to the questions displayed below.]
On January 1, Year 1, a company issues $460,000 of 5% bonds, due in 15 years, with interest payable semiannually on
June 30 and December 31 each year.
Assuming the market interest rate on the issue date is 4%, the bonds will issue at $511,511.
Exercise 9-12B Part 1
Required:
1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.)
Date
Cash Paid
Interest
Decrease in
Expense
Carrying Value
Carrying Value
01/01/Year 1
24
460,000
06/30/Year 1
$
19,950
$
10,230 $
9,720
12/31/Year 1
19,950
10,230
9,720
Transcribed Image Text:Exercise 9-12B Record bonds issued at a premium and related semiannual interest (LO9-5) [The following information applies to the questions displayed below.] On January 1, Year 1, a company issues $460,000 of 5% bonds, due in 15 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 4%, the bonds will issue at $511,511. Exercise 9-12B Part 1 Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.) Date Cash Paid Interest Decrease in Expense Carrying Value Carrying Value 01/01/Year 1 24 460,000 06/30/Year 1 $ 19,950 $ 10,230 $ 9,720 12/31/Year 1 19,950 10,230 9,720
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