! Required information Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies...
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! Required information Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Paradise Hollow Resort issues $24 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) Date (2) Cash Paid for Interest (3) Interest Expense (4) Increase in Carrying Value (5) Carrying 1/1/2024 Value $22,369,161 es 6/30/2024 12/31/2024 $840,000 840,000 $894,766 896,957 $54,766 56,957 22,423,927 22,480,884 Problem 9-6A (Algo) Part 2 2. What is the original issue price of the bonds? (Enter your answer in whole dollars, not millions (i.e., $5.5 million should be entered as 5,500,000).) Issue price NOV 25 < Prev 14 15 tv C 16 18 of 19 Next > al A O Aa ! Required information Problem 9-6A (Algo) Understand a bond amortization schedule (LO9-5) [The following information applies to the questions displayed below.] On January 1, 2024, Paradise Hollow Resort issues $24 million of bonds that pay interest semiannually on June 30 and December 31. Portions of the bond amortization schedule appear below: (1) Date (2) Cash Paid for Interest (3) Interest Expense (4) Increase in Carrying Value (5) Carrying 1/1/2024 Value $22,369,161 es 6/30/2024 12/31/2024 $840,000 840,000 $894,766 896,957 $54,766 56,957 22,423,927 22,480,884 Problem 9-6A (Algo) Part 2 2. What is the original issue price of the bonds? (Enter your answer in whole dollars, not millions (i.e., $5.5 million should be entered as 5,500,000).) Issue price NOV 25 < Prev 14 15 tv C 16 18 of 19 Next > al A O Aa
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