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80,000 Homework 12 Bonds Payable > Bond V 3 Par Value Term 5. Contract Interest...

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80,000 Homework 12 Bonds Payable > Bond V 3 Par Value Term 5. Contract Interest Rate 6 Market Interest Rate 7 Issue Price 4 years 3% 4% 98 81) Is this bond being issued at Par Value, at a Discount, or at a Premium? 9 2) If the bond pays interest semi-annually, how many total interest payments will be made? 10 3) What is the amount of each Interest payment? 11 4) How much cash will be received when this bond is issued? 12 S) If there is a Discount or Premium, how much is it? 136) if there is a Discount or Premium, how much will be amortized with each Interest payment? 147) What amount of interest expense will be booked each time interest is paid? 15 B) What is the journal entry at Issuance? Account Debit 16 OR/CR Credit 17 19 209) What is the journal for the semi-annual interest payment? 21 OR/CR Account Debit Credit 22 23 24 23 10) What is the journal at retirement? Account Debit 26 DR/CR Credit 27 29

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