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2. (10 points) Mazeltok Corporation issued $100,000 3-year, 8% stated rate bonds on January 1, 2004. The bonds pay interest semi-annually and were sold when
2. (10 points) Mazeltok Corporation issued $100,000 3-year, 8% stated rate bonds on January 1, 2004. The bonds pay interest semi-annually and were sold when the market rate was 10%. a. Calculate the issue price of the bonds. b. Prepare an amortization schedule for the bonds (use the table below): c. Record the interest expense entry for the 6/30/05 interest payment
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