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(10 points) Mazeltov Corporation issued $100,000 3-year, 10% stated rate bonds on January 1, 2004. The bonds pay interest semi-annually and were sold when the

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(10 points) Mazeltov Corporation issued $100,000 3-year, 10% stated rate bonds on January 1, 2004. The bonds pay interest semi-annually and were sold when the market rate was 8%. a. Calculate the issue price of the bonds. b. Prepare an amortization schedule for the bonds (use the table below) Payment Carrying Value,Cash Date InterestAmortization Carrying Value ending beginning Interest Expense 6/30/04ot 1231104| 12/31/05 2 225 12/31/06 OGEL Record the interest expense entry for the 6/30/05 interest payment c. Accounts Credits

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