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McNel Corporation issued 5600,000 of 6%,10 year bonds payable on Jancayy 1, 2019. The market intelest rate at the date of issuance was 4%, and the bonds pary interest semiannunly (on June 30 and December 31). McNest Corporation's year end is June 30. McNel prepared an effective interest amortization table for the bonds through the first three interest paryments as follows: (Click the icon to view the amortization schedule.) Read tho inguinements 1. How much cash did McNeil Corporaton boerow on Januay 1, 2019? How much cash will McNed Corporation pay back at matunty? MeWerborioneds an Januay 1, 2019. The compary will pay back 5 at maturity 2. How much cash interest will McNeil Corporation pay each sx months? Requirements MeNlet wilt pays cash interent wach six months Use the amortization table for McNeil Corporation's bonds to answer the following questions: 1. How much cash dd McNei Corporation bonow on Javany 1, 2019? How much cash will MeNes Corporation pay back at maturity? 2. How much cash interest will MeNel Corporatoon pay each sox months? 3. How much interest expense wil MeNeal Corporation report on June 30, 2019, and on December 31, 20197 Does the amount of interest expense inctease or decrease each period? Why

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