Question: Required information A company issued 11% bonds, dated January 1, with a face amount of $420,000 on January 1, 2021. The bonds mature in 4

Required information A company issued 11% bonds, dated January 1, with

Required information A company issued 11% bonds, dated January 1, with a face amount of $420,000 on January 1, 2021. The bonds mature in 4 years. The market rate of interest for similar bonds was 9%. Interest is paid semiannually on June 30 and December 31 The company uses the effective interest method. The bonds issued for a price of $447703. Use the information above to answer the questions below. Prepare a partial amortization table through the second Interest payment Date Cash Interest Effective interest Amortization Carrying Value 01/01/2021 06/30/2021 12/31/2021

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