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Required information [The following information apples to the questions displayed below) On January 1, 2021....

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Accounting

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Required information [The following information apples to the questions displayed below) On January 1, 2021. White Water issues $400,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year Assuming the market interest rate on the issue date is 6%, the bonds will issue at $361153 Required: 1. Complete the first three rows of an amortization schedule (Round your final answers to the nearest whole dollar) Date Cast Paid Interest Expense Increase in Carrying Value Carrying Value 01/01/2021 1231/2021 12/31/2022 Required information [The following information applies to the questions displayed below.) On January 1, 2021. White Water issues $400,000 of 5% bonds, due in 15 years, with interest payable annually on December 31 each year Assuming the market interest rate on the issue date is 6%, the bonds will issue at $361153 2. Record the bond issue on January 1, 2021, and the first two interest payments on December 31, 2021, and December 31, 2022. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. Round your final answers to the nearest whole dollar.) View transaction list Journal entry worksheet

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