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please solve 17,18 On 1/1/20x6, K-Pop Corporation issued a bond with...

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Accounting

please solve 17,18
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On 1/1/20x6, K-Pop Corporation issued a bond with $10,000 face value paying 4% coupon at the end of each year for 3 years. The market interest rate was 4% when the bond was issued on 1/1/20x6. 17. What entry would be made on 12/31/20x6 when the first coupon payment is made? 400 220 a. Interest expense Cash 400 b. Interest expense Discount on bonds payble 20 Cash 200 c. Interest expense Discount on bonds payble 440 40 Cash 400 d. None of the above 18. What is the book value of the bond on 12/31/20x6? a. b. $ 9,600 9,800 10,000 Indeterminable. c. d

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