Complete the journal entries from 9/30/X2 to 6/30/X3

		Fair value	Fair value	Cash	Interest	Interest
		Debt	Swap	out (in)	paid	Expense
6.41%	7/1/20X1	1,000,000	0
6.48%	9/30/20X1	998,851	(1,149)	0	16,025	16,025
6.41%	12/31/20X1	1,000,000	(0)	175	16,025	16,200
6.32%	3/31/20X2	1,001,074	1,074	0	16,025	16,025
7.60%	6/30/20X2	988,644	(11,356)	(225)	16,025	15,800
7.71%	9/30/20X2	990,614	(9,386)	2,975	16,025	19,000
7.82%	12/31/20X2	993,151	(6,849)	3,250	16,025	19,275
7.42%	3/31/20X3	997,521	(2,479)	3,525	16,025	19,550
	6/30/20X3	1,000,000	(0)	2,525	16,025	18,550

Answer rating: 100% (QA)

rom 930X2 to 630X3 we need to record the fair value changes cash flows interest expense and swap exp... View the full answer