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9. Assume that your corporation typed up 100, 5-year bonds (typical face value price) at 6%, 1/1/18, that pays interest every 6 months. The market

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9. Assume that your corporation typed up 100, 5-year bonds (typical face value price) at 6%, 1/1/18, that pays interest every 6 months. The market saw an interest rate change to 7% and you sold your bonds at 96%. Use the effective amortization method for your bond discount/premium in this problem. Please provide the journal entry for the first interest payment only

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