Required information

Exercise $9-17($Algo$)$ Record bonds issued at a discount and related annual interest $($LO$9-5)$

$[$The following information applies to the questions displayed below.$]$

On January $1,2024,$ White Water issues $$520,000$ 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 $$469,499.$

Exercise $9-17($Algo$)$ Part $1$

Required:

Complete the first three rows of an amortization schedule. $($Hint$.$ Use Illustration $9-6,$ except the dates for the first three rows will be $\frac{1}{1}\frac{?}{2024},\frac{12}{31}\frac{?}{2024},$ and $\frac{12}{31}\frac{?}{2025}$ since interest is payable annually rather than semiannually. Interest expense for the period ended December $31,2024,$ is calculated as the carrying value of $$469,499$ times the market rate of $6\%.)($Round your final answers to the nearest whole dollar.$)$

$\backslash$table$[[$Date$,$Cash Paid,$\backslash$table$[[$Interest$],[$Expense$]],\backslash$table$[[$Change in$],[$Carrying Value$]],\backslash$table$[[$Carrying$],[$Value$]]],[\frac{01}{01}\frac{?}{2024},,,,469,499],[\frac{12}{31}\frac{?}{2024},22,633,26,000ox,3,367ox,472,866$