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27 (3 points) Pizza Planet issues 6%, 10-year bonds with a face amount of $80,000 on January 1, 2019. The market interest rate for bonds
27 (3 points) Pizza Planet issues 6%, 10-year bonds with a face amount of $80,000 on January 1, 2019. The market interest rate for bonds of similar risk and maturity is 8%. Interest is paid semi-annually on June 30 and December 31. Assume the bond issues for $70,000. The amount to debit to interest expense on 6/30/19 is: $5,600 $2,100 $4,200 $2,800
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