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Required information [The following information applies to the questions displayed below] On January 1, 2024,...

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Accounting

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Required information [The following information applies to the questions displayed below] On January 1, 2024, Splash City issues $500,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. Assuming the market interest rate on the issue date is 8%, the bonds will issue at $549,482. Required: 1. Complete the first three rows of an amortization schedule. (Round your final answers to the nearest whole dollar.)

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