5. What is the carrying value of the bonds after the first semi-annual interest payment date? 6. The journal entry that would be made to record the issue of these bonds would include: Texxon Corporation issued $400,000 of 20-year bonds with a payment rate of 12%; payments are made semiannually. Assume that the market interest rate for similar investments is 10%, compounded semiannually. 1. What is the semi-annual cash payment amount for this bond issue? a. $40,000 b. $48,000 $24,000 d. $20,000 2. What is the present value (issue price) of this bond issue at the market rate of interest? a. $411.816 b. $399,800 c. $ 56,800 d. $468,616 3. How much bond interest expense should be recorded on the first semi-annual interest payment date? a. $20,569.20 b. $23,430.80 c. $24,000.00 d. $20,000.00 4. These bonds would be issued at a premium (i.e., your answer to #2 should be more than $400,000). What amount of premium will be amortized on the first semi-annual interest payment date? a. $589.32 b. $569.20 c. $430.80 d. $623.40 a. $400,000.00 b. $411,816.00 c. $432,756.00 d. $468,046.80