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9-9 Exercise 9-20 (Algo) Record the early retirement of bonds issued at...

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Accounting

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Exercise 9-20 (Algo) Record the early retirement of bonds issued at a premium (LO9-6) [The following information applies to the questions displayed below] On January 1, 2024. White Water issues $480,000 of 6% bonds, due in 20 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 5% and the bonds issued at $540,247. Exercise 9-20 (Algo) Part 1 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $534,537 on December 31,2026 . (Round your final answers to the nearest whole dollar.)

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