5 Garcia Company issues 10%, 15 year bonds with a par value of $170.000 and semiannual interest payments. On the issue date, the annual market rate for these bonds is 8%, which implies a selling price of 117 19. The effective interest method is used to allocate Interest expense 1. Using the implied selling price of 117 4 what are the issuet's cash proceeds from Issuance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds? 3. What amount of bond interest expense is recorded on the first interest payment date? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Using the impled selling price of 117 V, what are the issuer's cash proceeds from sanct of these bonds can cod Required 2 > ter 10 HW 6 Swed Help Garcia Company issues 90%, 15 year bonds with a par value of $170,000 and semiannual interest payments. On the issue date, the anual market rate for these bonds is 8%, which implies a selling price of 117. The effective interest method is used to allocate Interest expense 1. Using the Imolled selling price of 117 what are the issuer's cash proceeds from issuance of these bonds? 2. Who total amount of bond interest expense will be recognized over the life of these bonds! 3. What amount of bond interest expense is recorded on the first interest payment date? Complete this question by entering your answers in the tabs below. Required 1 Required Required What total amount of bond interest expense will be recognized over the life of these bonds? Total Bond Interest Expense Over Life of Bonds: Amount repaid payments of Par visat matur Teatros Las amount omrowed from 1) Total bondinense Garcia Company issues 10% 15 year bonds with a par value of $170,000 and Serannual interest payments on the issue date, the annual market rate for these bonds is 8% which implies a selling price of 117 14. The effective interest method is used to allocate Interest expense 1. Using the impled selling price of 117, what are the issuer's cash proceeds from swance of these bonds? 2. What total amount of bond interest expense will be recognized over the life of these bonds? 3. What amount of bond Interest expense is recorded on the first interest payment date? Complete this question by entering your answers in the tabs below. Recured 1 Required 2 Required What amount of bond interest expense is recorded on the fast interest payment date? and expone