Complete the first three rows of an amortization table

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Reference no: EM131123396

On January 1, 2015, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year.

Required:

Assuming the market interest rate on the issue date is 10%, the bonds will issue at $457,102.

Complete the first three rows of an amortization table.

date	Cash Payment	Interest Expense	Bond payable	Carrying value

Reference no: EM131123396

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