b Required information [The following information applles to the questions...
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Required information [The following information applles to the questions displayed below] On January 1, 2021, Splash City issues $300,000 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 6%, the bonds will issue at $322 317 Required: 1. Complete the first three rows of an amortization table (Round your final answers to the nearest whole dollar) Date Cash Paid Interest Expense Decrease in Carrying Value Carrying Value 1/1/21 6/30/21 12/31/21 Required Information [The following information applies to the questions displayed below] On January 1, 2021, Splash City issues $300,000 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 6%, the bonds will issue at $322,317 2. Record the bond issue on January 1, 2021, and the first two semiannual interest payments on June 30, 2021, and December 31, 2021. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" In th first account field. Round your final answers to the nearest whole dollar)
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