2 Part 2 of 41 1.07 points Skipped Required information P10-2 (Static) Reporting Bonds Issued at Par LO 10-2 [The following information applies to the questions displayed below] On January 1 of this year, Nowell Company issued bonds with a face value of $100,000 and a coupon rate of 8 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 8 percent. (EV of $1. PV of $1. EVA of $1. and PVA of $3 (Use the appropriate factor(s) from the tables provided.) P10-2 Part 2 eBook References 2. What amount of interest expense should be recorded on June 30 and December 31 of this year? Interest expense June 30 December 31 3 Part 3 of 4 1.07 points Skipped Required information P10-2 (Static) Reporting Bonds Issued at Par LO 10-2 (The following information applies to the questions displayed below] On January 1 of this year, Nowell Company issued bonds with a face value of $100,000 and a coupon rate of 8 percent The bonds mature in five years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 8 percent. (EV of $1, PV of $3. EVA of $1, and PVA of $3 (Use the appropriate factor(s) from the tables provided.) eBook P10-2 Part 3 3. What amount of cash is owed to investors on June 30 and December 31 of this year? References Cash owed June 30 December 31 4 Part 4 of 4 1.07 points Skipped ebook References Required information P10-2 (Static) Reporting Bonds Issued at Par LO 10-2 [The following information applies to the questions displayed below] On January 1 of this year, Nowell Company issued bonds with a face value of $100,000 and a coupon rate of 8 percent. The bonds mature in five years and pay interest semiannually every June 30 and December 31. When the bonds were sold, the annual market rate of interest was 8 percent. (EV of $1. PV of $1. EVA of $1, and PVA of 5) (Use the appropriate factor(s) from the tables provided.) P10-2 Part 4 4. What is the book value of the bonds on December 31 of this year? December 31 of next year? This year Next year Bonds payable