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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F21c7a77e-1cfb-4df4-902c-365a4a2723da%2F99669420-1fc7-4eba-9065-b67a1739d054%2Fgmeirq6_processed.png&w=3840&q=75)
Transcribed Image Text: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
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